360° Underwriting Joins Ryan Specialty in Strategic Acquisition

Deal News | May 21, 2025 | Re-Insurance News

360° Underwriting Joins Ryan Specialty in Strategic Acquisition

Ryan Specialty, a global leader in specialty insurance, has completed the acquisition of 360 Underwriting, an Irish managing general underwriter known for its expertise in the commercial construction sector. With bases in Dublin and Galway, 360° Underwriting has established itself as a key player in Ireland's burgeoning construction insurance market through bespoke modelling practices and a commitment to consistency and risk management. This acquisition integrates 360° Underwriting into the Ryan Specialty Underwriting Managers division, aiming to bolster Ryan Specialty's offerings in latent defect insurance and owner-controlled insurance programs. This strategic move marks Ryan Specialty's official entry into the Irish market, leveraging 360° Underwriting's existing strengths and cultural fit with the parent company. Financial terms of the acquisition were not disclosed.

Sectors

  • Insurance
  • Construction

Geography

  • Ireland – 360° Underwriting is based in Dublin and Galway, Ireland, and the acquisition marks Ryan Specialty's entry into the Irish market.
  • International – Ryan Specialty is an international firm, highlighting the global nature of the acquisition and expansion strategy.

Industry

  • Insurance – The article discusses the acquisition of an insurance firm, focusing on managing general underwriter (MGU) services in the construction sector.
  • Construction – 360° Underwriting specializes in commercial construction insurance products, making the construction industry a key aspect of the article.

Financials

  • Undisclosed – The terms of the acquisition deal were not disclosed.

Participants

NameRoleTypeDescription
Ryan SpecialtyBidding Company/BuyerCompanyAn international specialty insurance firm that acquired 360° Underwriting.
360° UnderwritingTarget CompanyCompanyAn Irish managing general underwriter specializing in commercial construction.
Mark BirrellExecutive ChairmanPersonExecutive Chairman of Ryan Specialty Underwriting Managers International.
Paul SherryManaging DirectorPersonManaging Director of 360° Underwriting.
Tommy ByrneManaging DirectorPersonManaging Director of 360° Underwriting.