Ryan Specialty Holdings, Inc. is a Chicago-based international specialty insurance firm that provides innovative solutions for brokers, agents, and insurance carriers. Founded in 2010 by Patrick G. Ryan, the former Chairman and CEO of Aon Corporation, the company was established to address the need for a dedicated specialty organization offering sophisticated insurance solutions for complex risks. Ryan Specialty operates through several subsidiaries, including RT Specialty, its wholesale brokerage division, and Ryan Specialty Underwriting Managers, which offers specialized underwriting services.
The company's services encompass wholesale brokerage, binding authority, and underwriting management. RT Specialty provides wholesale brokerage services to retail brokers and agents, specializing in areas such as property, casualty, professional lines, transportation, and workers' compensation. Ryan Specialty Underwriting Managers offers services through highly specialized managing general underwriters, distinct national specialty programs, and bespoke alternative risk solutions.
Since its inception, Ryan Specialty has experienced significant growth, both organically and through strategic acquisitions. In August 2024, the company announced an agreement to acquire US Assure Insurance Services, a firm specializing in builder's risk insurance, for up to $1.48 billion. This acquisition aims to expand Ryan Specialty's offerings in the construction insurance sector and strengthen its position in the specialty insurance market.