Ryan Specialty Group Holdings to Seek Mergers and Acquisitions
November 12, 2021 at 03:30 am IST
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Ryan Specialty Group Holdings, Inc. (NYSE:RYAN) will look for mergers and acquisitions (M&A). Founder, Chairman and Chief Executive Officer of Ryan Specialty Group, Pat Ryan said, ?We will continue to lead with innovation to meet the ever-changing needs of the market. We will continue to expand and deepen our relationships with our current clients as well as continue to win new clients. We will further enhance our future organic growth capabilities by executing strategically and prudently on M&A?.
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company 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. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Companyâs Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.