Ryan Specialty, LLC
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Ryan Specialty, LLC - overview
Established
2010
Location
Chicago, IL, US
Primary Industry
Insurance
About
Based in Illinois, US, and founded in 2010, Ryan Specialty Holdings, Inc. , aka Ryan Specialty operates as an international specialty insurance organization that offers solutions for agents, brokers, and insurance carriers. The firm was founded by Patrick G. Ryan (CEO).
Since its inception, the firm has made several acquisitions, acquiring New Day Underwriting Managers in April 2018, certain assets of ARC Specialty Brokerage in August 2018, Boston Insurance Specialist in February 2019, SuiteLife Underwriting Managers in October 2019, and All Risk in September 2020. The company raised USD 175 million in June 2018, and USD 208. 1 million in March 2020 through Private Equity funding rounds led by Onex. In July 2021, Ryan Specialty Group Holdings, Inc.
, the parent company of Ryan Specialty LLC made an Initial Public Offering (IPO) of USD 1. 34 billion on NYSE, under the ticker RYAN. In August 2023, Onex exited their stake in Ryan Specialty, LLC. In December 2025, Ryan Specialty, a portfolio company of Onex, acquired Stewart Specialty Risk Underwriting Ltd.
from B. P. Marsh & Partners. The firm offers wholesale brokerage, which distributes professional lines and workers’ compensation, casualty, and property insurance products and services, RT binding authority, which provides turnaround and the authority to secure and underwrite coverage regardless of the risk, and underwriting managers solutions, which offers access to insurance solutions for specific industries such as healthcare, enterprise risk, construction, hospitality, marine, contractors, and energy markets.
Current Investors
Onex
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Commercial Insurance, Health Insurance, Insurance Intermediaries, Reinsurance
Website
www.ryanspecialty.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Ryan Specialty, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Stewart Specialty Risk Underwriting Ltd. | - | ||||||||
| Add-on | Completed | 360 Degree Underwriting | - | ||||||||
| Add-on | Completed | USQRisk, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Velocity Risk Underwriters, LLC | - | ||||||||
| Trade Sale | Completed | Innovisk Capital Partners LLP | - |
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