Ryan Specialty Group acquires Velocity Risk Underwriters for $525M to expand catastrophe insurance offerings.

Ryan Specialty Group is set to acquire Nashville-based Velocity Risk Underwriters for $525 million, expanding its property catastrophe portfolio. Velocity Risk provides insurance coverage for properties exposed to catastrophes such as storms and earthquakes. The deal includes Velocity's excess and surplus carrier being acquired by FM, a commercial property insurance company, pending regulatory approval. The acquisition aims to enhance Ryan Specialty’s wholesale client services and solidify its position in the US insurance market.

3 months ago
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