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Stock impact report

Ryan Specialty Signs Definitive Agreement To Acquire USQRisk Holdings

Ryan Specialty Group Holdings, Inc. Class A (RYAN) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Ryan Specialty (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, is pleased to announce that it has signed a definitive agreement to acquire certain assets of USQRisk Holdings, LLC (“USQ”). USQ will become a part of the alternative risk business within Ryan Specialty.Formed in 2020 by an experienced management team operating in New York and London, USQ underwrites non-traditional insurance risks. USQ has two core business divisions: Alternative Risk and Facilities. Their Alternative Risk specialty underwrites, structures, prices and places specialty insurance for corporate clients seeking bespoke, multi-year risk solutions. Their Facilities specialty creates new products for unique risks in highly dislocated markets. USQ is supported by several highly rated insurance carriers.Kieran Dempsey, CEO of Ryan Alternative Risk, commented, “USQ adds tremendous breadth and depth to our growing alternative risk business. USQ is know Show less Read more
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