Ryan Specialty Group Prepares for IPO March 16, 2021
Specialty insurance broker Ryan Specialty Group has filed a proposal with the Securities and Exchange Commission for an initial public offering (IPO).
The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined.
Ryan Specialty Group said it expects to commence the initial public offering following completion of the SEC review process, subject to market and other conditions.
Recent insurance IPOs
The announcement comes six months after Ryan Specialty Group closed on its acquisition of another large wholesaler, All Risks. That deal united Illinois-based Ryan Specialty Group and its nearly $12 billion in premium, and Florida-based All Risks, which has close to $2.6 billion in premium.
Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities
The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, especially on the west coast.
The acquisition is Amwins’ 50th acquisition. The combined firm will have more than 6,151 employees in 155 offices across the U.S., and place in excess of $24 billion in premium annually.
The Worldwide team, led by Davis Moore, will join Amwins’ leadership team, according to the announcement.
“The acquisition of Worldwide is a watershed moment not just for Amwins, but the specialty distribution space,” said Scott M. Purviance, chief executive officer of Amwins. “Since the beginning, we’ve believed that scale and specialization are key to delivering for our clients. Over the last 19 years, we’ve been able to build an organization that stands out amongst the competition. With the addition of Worldwide to the Amwins family we are partnering with a very talented group of broker
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US-based Ryan Specialty Group (RSG) has reshuffled its executive leadership team in a move it hopes will help the company evolve and grow further by leveraging the expertise and strategic insights of its senior talent pool.
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Ryan Specialty Group Expands Executive Team; Turner Becomes President February 26, 2021
Ryan Specialty Group has expanded and revised its executive leadership team. The changes become effective March 1, 2021.
Timothy W. Turner will add the title and responsibilities of president of Ryan Specialty Group. Turner has been chairman and chief executive officer of Ryan Turner Specialty (RT Specialty) since its inception in 2010 and will retain these responsibilities going forward.
Jeremiah R. Bickham will become chief financial officer of Ryan Specialty Group. Bickham has been global treasurer and head of Corporate Development for Ryan Specialty Group and joined the company in 2011.
Michael T. VanAcker will become chief operating officer of Ryan Specialty Group. VanAcker has been the chief operating officer of RT Specialty and joined Ryan Specialty Group in 2011.