Ryan Specialty acquires Velocity Risk Underwriters.

[Chris]

Ryan Specialty, a specialty insurance provider, has completed its acquisition of Velocity Risk Underwriters, LLC from Oaktree Capital Management. Located in Nashville, Tennessee, Velocity functions as a managing general underwriter (MGU) that offers first-party insurance coverage for various risks. This acquisition highlights the continuous consolidation trend in the insurance industry, potentially enhancing Ryan Specialty's market position and underwriting capabilities. It's fascinating to consider how such mergers can lead to innovative insurance solutions but also present challenges like integration and maintaining service quality.

What are your thoughts on how this acquisition might impact the risk landscape in the insurance market? View the full details of the article here.

 

[Decimition]

Still won't be able to compete against AmRisc

 

[Markthebroker]

It's been going on for a long time with financial institutions, but it seems like the surplus lines brokers have been doing this a lot more the last few years. RT-Specialty just bought a nearby small surplus brokerage recently which was a real bummer.