Ryan Specialty Signs Definitive Agreement To Acquire AccuRisk Holdings
30 Outubro 2023 - 5:05PM
Business Wire
Ryan Specialty (NYSE: RYAN), a leading international specialty
insurance firm, is pleased to announce it has signed a definitive
agreement to acquire AccuRisk Holdings, LLC (“AccuRisk”), a medical
stop loss managing general underwriter (MGU). AccuRisk is
headquartered in Chicago, IL and was founded in 2017.
Discussing the acquisition, Patrick G. Ryan, Founder, Chairman
& CEO of Ryan Specialty, said, “Dan and the AccuRisk team are
proven leaders in the medical stop loss space, having built one of
the largest independent medical stop loss MGUs. Moreover, the
AccuRisk team shares our vision to develop a comprehensive
integrated health solution, providing retail brokers with a ‘one
stop shop’ for self-insurance needs. Together Ryan Specialty and
the AccuRisk professionals will be able to accelerate the rate of
innovation in the employee benefits industry.”
John Zern, President & CEO of Ryan Specialty Benefits,
commented, “AccuRisk adds exceptional talent, unique capabilities,
and product depth to our employee benefits practice. AccuRisk’s
offerings include medical stop loss underwriting, group captives,
supplemental health care management, and occupational accident.
AccuRisk’s deep expertise, combined with the breadth of its product
offering, gives Ryan Specialty the capabilities to holistically
service our retail broker and TPA clients. I look forward to
collaborating with Dan as a part of the team to deliver innovative
solutions on a nationwide basis.”
Dan Boisvert, President & CEO of AccuRisk, commented, “Since
our founding, we have been focused on driving product innovation to
enhance both flexibility and efficiency. We are thrilled to be
partnering with Ryan Specialty who shares our vision for the future
of employee benefits. We are equally excited to have the
opportunity to work with Ryan Specialty to further enhance our
distribution relationships. We believe that joining Ryan Specialty
sets the stage for the next upward inflection point in our growth
trajectory.”
AccuRisk generated approximately $25 million of revenue for the
12 months ended July 31, 2023.1
Terms of the transaction were not disclosed. The acquisition is
expected to close in December 2023.
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.
ryanspecialty.com
1 Revenue attributable to the acquired business and predecessors
for the trailing twelve-month period ending July 31, 2023, as
reported by AccuRisk’s management. This figure has not been
audited.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030268413/en/
Media 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
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