M&A Deal Summary

Ryan Specialty Group Acquires US Assure Insurance Services of Florida

On August 1, 2024, Ryan Specialty Group acquired insurance company US Assure Insurance Services of Florida

Acquisition Highlights
  • This is Ryan Specialty Group’s 22nd transaction in the Insurance sector.
  • This is Ryan Specialty Group’s 17th transaction in the United States.
  • This is Ryan Specialty Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-08-01
Target US Assure Insurance Services of Florida
Sector Insurance
Buyer(s) Ryan Specialty Group
Deal Type Add-on Acquisition
Advisor(s) Dowling & Hales (Financial)

Target

US Assure Insurance Services of Florida

Jacksonville, Florida, United States
US Assure Insurance Services of Florida is specializing in builder’s risk insurance services. US Assure Insurance Services of Florida was founded in 1977 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Ryan Specialty Group

Chicago, Illinois, United States

Category Company
Founded 2010
Sector Insurance
Employees4,401
Revenue 2.1B USD (2023)
DESCRIPTION

Ryan Specialty Group is an international specialty insurance organization, which includes a wholesale brokerage firm (RT Specialty) and an underwriting management organization (RSG Underwriting Managers), comprised of 22 individual underwriting companies. Ryan Specialty Group was formed in 2010 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 24
Sector (Insurance) 22 of 22
Type (Add-on Acquisition) 18 of 19
State (Florida) 1 of 1
Country (United States) 17 of 17
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Castel

London, United Kingdom

Castel is a managing general underwriting (MGU) platform that consists of thirteen unique MGUs, each of which has expertise in a specific product niche. Together, the MGUs represent a distinctive and diverse portfolio of underwriting expertise including transactional liability, renewable energy, construction, and marine, among other specialty lines of business. Castel is absed in London.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Innovisk

London , United Kingdom

Innovisk seeds develops and grows MGAs using data and analytics to aid product development and pricing, as well as improving efficiencies in underwriting operations and distribution. Innovisk was founded in 2017 and is based in London, England.

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