Exciting News for Ryan Specialty and Velocity Risk Underwriters!
A match made in insurance heaven!
What does this mean for you?
Chicago–(BUSINESS WIRE)–Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce that today it has completed the acquisition of Velocity Risk Underwriters, LLC (“Velocity”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Based in Nashville, Tennessee, Velocity is a leading managing general underwriter (“MGU”) providing first-party insurance coverage for catastrophe exposed properties and will become a part of the Ryan Specialty.
What does this mean for you? Well, if you’re a property owner in a catastrophe-prone area, this acquisition could potentially mean better coverage and more comprehensive protection for your assets. Velocity’s expertise in providing first-party insurance coverage for catastrophe exposed properties will now be combined with Ryan Specialty’s resources and reach, creating a powerhouse in the insurance industry.
As a policyholder, you can expect top-notch service, innovative solutions, and a personalized approach to meeting your insurance needs. The joining of Ryan Specialty and Velocity represents a commitment to excellence and a dedication to serving customers with the highest level of care.
How does this affect the world?
On a larger scale, this acquisition signals a shift in the insurance landscape. With Ryan Specialty’s acquisition of Velocity, we are seeing consolidation and collaboration at its finest. By bringing together two industry leaders, we are witnessing the birth of a new era in specialty insurance—one that is defined by innovation, collaboration, and a commitment to excellence.
This acquisition has the potential to impact the way insurance is underwritten, priced, and distributed on a global scale. As Ryan Specialty and Velocity join forces, we can expect to see more efficient processes, more competitive pricing, and more tailored solutions for customers around the world.
In conclusion,
This acquisition is a win-win for everyone involved. From property owners to insurance professionals to the global insurance market, the joining of Ryan Specialty and Velocity Risk Underwriters promises a brighter, more secure future for all. So, here’s to the beginning of a new chapter in the world of insurance—one that is sure to bring about positive change and exciting opportunities for all!
