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Stock impact report

Ryan Specialty concludes purchase of Ethos P&C MGUs [Yahoo! Finance]

Ryan Specialty Holdings, Inc. Class A (RYAN) 
Company Research Source: Yahoo! Finance
This acquisition further includes eight programmes that underwrite a diverse range of insurance carriers. Ethos P&C has specialised in various sectors within the property division, such as manufacturing, processing and warehousing, and offers casualty coverages for New York real estate companies, contractors and CleanTech general liability, among others. For the 12 months ending 30 June 2024, Ethos P&C reported operating revenue of approximately $11m. This figure pertains to the revenue generated by the business units acquired and has not been audited. The latest deal excludes Ethos' Transactional Liability MGU, which Ascot Group will retain. Ascot Group is owned by global investment management entity Canada Pension Plan Investment Board (CPP Investments). CPP Investments manages the Canada Pension Plan's assets in the best interest of more than 22 million contributors and beneficiaries. It is Canada's largest pension fund, with net assets totalling C$646bn ($478bn). Ry Show less Read more
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