Ryan Specialty Holdings to acquire Velocity Risk Underwriters for $525 million, focusing on catastrophe insurance

From Nasdaq: 2025-01-07 09:11:08

Ryan Specialty Holdings Inc. has agreed to acquire Velocity Risk Underwriters for $525 million in cash. Velocity Risk focuses on first-party insurance coverage for properties exposed to catastrophes in the U.S. As part of the deal, Velocity’s carrier will be acquired by FM. The acquisition is expected to close in early 2025.



Read more at Nasdaq: Ryan Specialty To Acquire Velocity Risk Underwriters From Oaktree Capital For $525 Mln