Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC.
Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty.
The acquisition was previously announced in April.
USQ has two core business divisions: Alternative Risk and Facilities. The Alternative Risk specialty underwrites, structures, prices and places specialty insurance for corporate clients seeking bespoke, multi-year risk coverages. The Facilities specialty creates new products for unique risks in highly dislocated markets.
The acquisition is expected to bring approximately $11 million of incremental operating revenue to Ryan Specialty, according to the announcement. Terms of the transaction were not disclosed.
Ryan Specialty reported its first on May 1. The firm grew total revenue 25% to $690 million, supported by organic growth of nearly 13% with mergers and acquisitions adding 13% to the top line.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
