Velocity Risk Underwriters, LLC

Velocity Risk Underwriters, LLC, based in the US, operates as a managing general underwriter focusing on excess and surplus specialty property insurance, utilizing advanced data analytics for tailored underwriting solutions. Founded in 2015 and headquartered in Nashville, Tennessee, Velocity Risk Underwriters, LLC specializes in providing customized insurance solutions. The company has secured a total of USD 181. 30 mn in funding across multiple rounds, with the most recent being an Add-on Trade Sale on January 7, 2025, where Ryan Specialty invested USD 525.

00 mn in the firm. The leadership includes CEOs Jake Rothfuss and Philip Bowie, who guide the company through its strategic initiatives and market presence. Velocity Risk Underwriters, LLC primarily operates as a managing general underwriter specializing in excess and surplus (E&S) specialty property insurance. The company leverages advanced data analytics and technology to provide tailored underwriting services for businesses facing various perils, including hurricanes, earthquakes, and tornadoes.

Their core offerings include specialty property insurance designed for middle market and small to medium business segments, emphasizing risk mitigation and efficient claims management. Velocity Risk collaborates closely with brokers, agents, and capital providers to connect underinsured businesses in underserved areas with global capital resources. The company’s products are available across various geographical markets in the United States, targeting specific regions that are more susceptible to natural disasters and other risks. Velocity Risk Underwriters generates revenue through its E&S specialty property insurance products, operating primarily in a B2B model, where it partners with brokers and agents to reach end clients.

The company’s revenue transactions are structured around premium payments from businesses seeking insurance coverage for significant risks, with a focus on customized solutions that align with the specific needs of their clientele. By utilizing a data-driven proprietary underwriting system, Velocity Risk efficiently prices policies at the individual risk level, enabling competitive premium structures. The firm aims to enhance portfolio performance while ensuring swift claims processing, thereby fostering long-term relationships with brokers and insurance carriers. While specific pricing plans for their services are not detailed, the company emphasizes its commitment to delivering high-quality insurance solutions that meet industry standards for coverage, particularly in high-risk areas.

In January 2025, Ryan Specialty, LLC, a portfolio company of Onex, agreed to acquire Velocity Risk Underwriters, LLC from Oaktree Capital Management for approximately USD 525. 00 mn in cash. This acquisition is expected to strengthen Ryan Specialty's insurance solutions and expand its global footprint. Future strategies may focus on enhancing product offerings and entering new markets, although specific details regarding new products or geographic regions targeted for expansion have yet to be disclosed.