Ryan Specialty in Final Discussions to Acquire Innovisk Capital Partners
Ryan Specialty (NYSE: RYAN) is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments. Innovisk, founded in 2017, would join Ryan Specialty Underwriting Managers (RSUM) and brings a portfolio of seven specialty MGUs focusing on environmental, transactional liability, financial lines, and other insurance products. Based in London with offices in the US and India, Innovisk generated approximately $58 million in operating revenue for the 12 months ended July 31, 2024. The acquisition is expected to close early next month, though terms haven't been finalized.
Ryan Specialty (NYSE: RYAN) è in fase di discussioni finali per acquisire Innovisk Capital Partners da Abry Partners e BHMS Investments. Innovisk, fondata nel 2017, entrerà a far parte di Ryan Specialty Underwriting Managers (RSUM) e porta con sé un portafoglio di sette MGUs specializzati che si concentrano su prodotti assicurativi per l'ambiente, responsabilità transazionale, linee finanziarie e altri prodotti assicurativi. Con sede a Londra e uffici negli Stati Uniti e in India, Innovisk ha generato circa $58 milioni di ricavi operativi per i 12 mesi terminati il 31 luglio 2024. Si prevede che l'acquisizione si concluda all'inizio del mese prossimo, anche se i termini non sono stati ancora finalizzati.
Ryan Specialty (NYSE: RYAN) está en conversaciones finales para adquirir Innovisk Capital Partners de Abry Partners y BHMS Investments. Innovisk, fundada en 2017, se unirá a Ryan Specialty Underwriting Managers (RSUM) y traerá consigo una cartera de siete MGUs especializados que se centran en productos de seguros ambientales, responsabilidad transaccional, líneas financieras y otros productos de seguros. Con sede en Londres y oficinas en EE. UU. e India, Innovisk generó aproximadamente $58 millones en ingresos operativos durante los 12 meses que terminaron el 31 de julio de 2024. Se espera que la adquisición se cierre a principios del próximo mes, aunque los términos no se han finalizado.
라이언 스페셜티 (NYSE: RYAN)는 애브리 파트너스와 BHMS 투자로부터 이노비스크 캐피탈 파트너스를 인수하기 위한 최종 논의 중에 있습니다. 이노비스크는 2017년에 설립되어 라이언 스페셜티 언더라이팅 매니저스(RSUM)에 합류하며 환경, 거래 책임, 금융 라인 및 기타 보험 상품에 중점을 둔 7개의 특수 MGU 포트폴리오를 가지고 있습니다. 런던에 본사를 두고 있으며 미국과 인도에 사무소를 두고 있는 이노비스크는 2024년 7월 31일 종료된 12개월 동안 약 $58 백만의 운영 수익을 창출했습니다. 인수는 다음 달 초에 마무리될 것으로 예상되지만, 조건은 아직 최종화되지 않았습니다.
Ryan Specialty (NYSE: RYAN) est en discussion finale pour acquérir Innovisk Capital Partners d'Abry Partners et de BHMS Investments. Innovisk, fondée en 2017, rejoindra Ryan Specialty Underwriting Managers (RSUM) et apportera un portefeuille de sept MGUs spécialisés axés sur l'environnement, la responsabilité transactionnelle, les lignes financières et d'autres produits d'assurance. Basée à Londres avec des bureaux aux États-Unis et en Inde, Innovisk a généré environ 58 millions de dollars de revenus d'exploitation pour les 12 mois se terminant le 31 juillet 2024. On s'attend à ce que l'acquisition soit finalisée au début du mois prochain, bien que les termes n'aient pas encore été finalisés.
Ryan Specialty (NYSE: RYAN) befindet sich in den finalen Gesprächen über die Übernahme von Innovisk Capital Partners von Abry Partners und BHMS Investments. Innovisk, gegründet im Jahr 2017, wird Teil von Ryan Specialty Underwriting Managers (RSUM) und bringt ein Portfolio von sieben spezialisierten MGUs mit, die sich auf Umwelt-, Transaktionshaftung, Finanzlinien und andere Versicherungsprodukte konzentrieren. Mit Sitz in London und Büros in den USA und Indien erzielte Innovisk im Zeitraum von 12 Monaten bis zum 31. Juli 2024 einen operativen Umsatz von etwa 58 Millionen US-Dollar. Die Übernahme soll voraussichtlich Anfang nächsten Monats abgeschlossen werden, obwohl die Bedingungen noch nicht finalisiert sind.
- Innovisk generated $58M in operating revenue over 12 months
- Acquisition expands Ryan Specialty's product portfolio with seven specialty MGUs
- Geographic expansion with offices in London, US, and India
- Innovisk's data-driven underwriting has resulted in attractive loss ratios
- None.
Insights
This strategic acquisition marks a significant expansion for Ryan Specialty in the specialty insurance market. With Innovisk generating
Innovisk's seven specialty MGUs across environmental, transactional liability and financial lines complement Ryan's existing offerings. Their strong carrier relationships and attractive loss ratios suggest potential for improved margins. The geographic expansion into London and India also provides strategic international growth opportunities. The timing aligns with the broader consolidation trend in specialty insurance, positioning Ryan Specialty to capture greater market share in the growing specialty insurance sector.
The integration of Innovisk's specialty MGUs into Ryan Specialty's underwriting management segment represents a strategic fit in the specialty insurance market. Their focus on small to middle market segments with data-driven underwriting capabilities addresses a important market need. The diverse, non-correlated portfolio spanning environmental, transactional liability and professional liability lines reduces concentration risk and enhances market resilience.
The acquisition's emphasis on technology-enabled underwriting and operational efficiency aligns with industry trends toward digital transformation. Innovisk's proven track record of attractive loss ratios indicates strong underwriting discipline, which could positively impact Ryan Specialty's risk profile and carrier relationships. The international presence adds valuable distribution channels and market access.
Innovisk was founded in 2017 and consists of a diverse, non-correlated portfolio of seven highly regarded specialty MGUs. Innovisk’s lines of business include environmental, transactional liability, US and international financial lines, professional liability for lawyers, commercial auto liability, and
Commenting on Innovisk, Tim Turner, CEO of Ryan Specialty, said, “We have tremendous respect for Innovisk. Their outstanding management team has demonstrated a differentiated value proposition to brokers, agents and carriers, and their underwriting talent is among the best in the industry. At Ryan Specialty, we see new product innovation and diversification as essential components of the value that we bring to our clients and trading partners. Innovisk clearly shares this view and has made the critical investments to be able to not only launch new products but bring those products to market quickly.”
Miles Wuller, Chairman and CEO of Ryan Specialty Underwriting Managers, stated, “We are very familiar with the Innovisk family of MGUs and believe them to be among the best in the industry. This highly talented team has distinguished themselves with exceptional underwriting, distribution, operational efficiency and approach to the small to middle market segment. Further, Innovisk’s data-driven underwriting focus and technology built in-house has resulted in attractive loss ratios and deep carrier relationships. We believe we have a unique opportunity to accelerate the remarkable growth trajectories of both Innovisk and Ryan Specialty by bringing the two firms together. We’re very excited to have the Innovisk team onboard.”
David Thomas, CEO of Innovisk, stated, “Ryan Specialty has the right leadership and platform to accelerate the growth of our exceptional offering and offer significant ongoing opportunity to our employees. With the shared mission to innovate where there is need and service clients and trading partners at the highest level, the addition of our team to RSUM will be smooth and empowering for our teammates. We have watched Ryan Specialty grow and earn the reputation as a specialty insurance leader, and we couldn’t be more excited to join this widely respected firm. I also want to thank Abry and BHMS for being incredible partners to date.”
Innovisk generated approximately
Ardea Partners serves as exclusive financial advisor to Innovisk. Insurance Advisory Partners LLC serves as exclusive financial advisor to Ryan Specialty.
As acquisition terms have not been finalized, no assurances can be made around completion of the acquisition.
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. For more information, please visit ryanspecialty.com.
1 Revenue attributable to the targeted to be acquired business for the trailing twelve-month period ending July 31, 2024. This figure has not been audited.
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Alice Phillips Topping
Chief Marketing & Communications Officer
Ryan Specialty
Alice.Topping@ryanspecialty.com
(312) 635-5976
Investor Relations
Nicholas Mezick
Director, Investor Relations
Ryan Specialty
IR@ryanspecialty.com
(312) 784-6152
Source: Ryan Specialty
FAQ
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