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AccuRisk Holdings to be Acquired by Ryan Specialty

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
Rhea-AI Summary
AccuRisk Holdings, a medical stop loss managing general underwriter, has signed a definitive agreement to be acquired by Ryan Specialty, a leading international specialty insurance firm. The acquisition will allow AccuRisk to focus on its mission of transforming the Healthcare Finance and Health Insurance markets. AccuRisk offers medical stop loss underwriting, group captives, supplemental health care management, and occupational accident services.
Positive
  • The acquisition by Ryan Specialty will provide AccuRisk with the size, scale, and financial strength to support its long-term success.
  • AccuRisk's offerings, including medical stop loss underwriting and supplemental health care management, will enhance Ryan Specialty's employee benefits practice.
  • The acquisition will allow AccuRisk to enter the next stage of its corporate growth and continue to develop innovative solutions for its clients.
Negative
  • None.

CHICAGO--(BUSINESS WIRE)-- AccuRisk Holdings LLC (“AccuRisk”), a Chicago based, medical stop loss managing general underwriter (MGU) is pleased to announce that it has signed a definitive agreement to be acquired by Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm.

Dan Boisvert, President & CEO of AccuRisk, said, “We are excited to be joining the Ryan Specialty team. AccuRisk and Ryan Specialty Benefits have a common mission to transform the Healthcare Finance and Health Insurance markets by providing integrated health solutions to our broker and TPA clients. The acquisition will allow us focus on that vision and to enter the next stage of our corporate growth.”

Mr. Boisvert also commented, “I would like to thank Ardonagh Global Partners and the Amynta Group for their stewardship and support up to date. Their support allowed us to continue our corporate growth and become one of the largest independent employee benefits MGUs in the country.”

Kevin Eagan, AccuRisk Chief Financial Officer added, “From inception, AccuRisk has remained markedly focused on listening to our clients and developing solutions centered around servicing their needs. This approach has facilitated the deep and meaningful relationships we have today with our valued clients, carriers, vendors, and employees. Partnering with Ryan Specialty further positions AccuRisk for continued long-term success through the size, scale, and financial strength Ryan Specialty is certain to bring to our valued partnerships.”

John Zern, President & CEO of Ryan Specialty Benefits, commented, “AccuRisk adds exceptional talent, unique capabilities, and product depth to our employee benefits practice. AccuRisk’s offerings include medical stop loss underwriting, group captives, supplemental health care management, and occupational accident. AccuRisk’s deep expertise, combined with the breadth of its the product offering, gives Ryan Specialty the capabilities to holistically service our retail broker and TPA clients. I look forward to collaborating with Dan as a part of the team to deliver innovative solutions on a nationwide basis.”

About AccuRisk

AccuRisk Holdings is a leader in health solutions innovation that offers traditional insurance products alongside advanced risk mitigation solutions. Our national footprint allows us to tailor our innovations to meet the unique needs of our clients. From underwriting, data analytics, claims and policy administration, distribution, to comprehensive benefit plan design, we’re driven to bring our clients reliable, best-in-market services. Learn more at accurisksolutions.com

About Ryan Specialty

Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. Ryan Specialty provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryanspecialty.com

Allison Boisvert

Marketing Director

aboisvert@accurisksolutions.com

Source: AccuRisk Holdings LLC

FAQ

Who is acquiring AccuRisk Holdings?

AccuRisk Holdings is being acquired by Ryan Specialty, a leading international specialty insurance firm.

What services does AccuRisk offer?

AccuRisk offers medical stop loss underwriting, group captives, supplemental health care management, and occupational accident services.

What is the goal of the acquisition?

The acquisition allows AccuRisk to focus on transforming the Healthcare Finance and Health Insurance markets and entering the next stage of its corporate growth.

How will the acquisition benefit AccuRisk?

The acquisition by Ryan Specialty provides AccuRisk with the size, scale, and financial strength to support its long-term success.

How will the acquisition benefit Ryan Specialty?

AccuRisk's offerings, including medical stop loss underwriting and supplemental health care management, will enhance Ryan Specialty's employee benefits practice.

Ryan Specialty Holdings, Inc.

NYSE:RYAN

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About RYAN

ryan specialty group (rsg) is a global organization consisting of wholesale brokerage, underwriting managers, and other specialty insurance services to agents, brokers and insurance carriers. rsg was founded by mr. patrick g. ryan, the retired chairman and ceo of aon corporation. a highly regarded insurance veteran, mr. ryan saw the need for a specialty organization devoted exclusively to creating sophisticated insurance and risk management solutions for a select group of hard-to-place risks. with its mission of delivering measurable value, rsg is committed to providing specialty insurance services, proven leadership, outstanding industry experience and quality services in all of our exchanges with retail agents and brokers, and insurance carriers worldwide. for more information about rsg, visit our website at www.ryansg.com or call 855-201-2000.