Ryan Specialty Holdings, Inc. reports developments tied to its specialty insurance intermediary business for brokers, agents and carriers. The company operates as a wholesale broker and managing underwriter with delegated authority from insurance carriers, providing distribution, underwriting, product development, administration and risk management services across property, casualty, professional lines, transportation, personal lines, workers compensation, employee benefits and alternative risk solutions.
Recurring Ryan Specialty news includes quarterly results, organic revenue growth, trends in specialty and excess-and-surplus insurance markets, acquisition activity, managing general underwriter expansion, Canadian operations, capital returns through dividends and share repurchases, restructuring programs, technology and data initiatives, and board governance changes.
Ryan Specialty Group Holdings has announced its initial public offering (IPO) for 56,918,278 shares of Class A common stock, priced between $22.00 and $25.00 per share. The offering is filed with the SEC and includes an option for underwriters to buy an additional 8,537,742 shares. Post-offering, Ryan Specialty will exclusively manage Ryan Specialty Group, LLC. Funds from the IPO will be utilized to acquire LLC units and equity interests tied to the group. The stock will be listed on the NYSE under the symbol 'RYAN.'