Ryan Specialty to Acquire Key Assets of USQRisk in 2025
Deal News | Apr 22, 2025 | Re-Insurance News
Global specialty insurance firm Ryan Specialty has entered an agreement to acquire certain assets of international managing general agent (MGA) USQRisk Holdings, LLC. The acquisition is set to be finalized in the second quarter of 2025 and will integrate USQ into Ryan Specialty's alternative risk business division. USQRisk, founded in 2020 and operating from New York and London, specializes in non-traditional insurance risks through its Alternative Risk and Facilities business divisions. With the acquisition, Ryan Specialty will gain approximately $11 million in incremental operating revenue based on the fiscal year ending December 31, 2024. The deal highlights both firms' strategic growth ambitions and includes USQRisk's innovative solutions in liability, property, and auto insurance, as well as its expansion into facilities, which complements Ryan Specialty's existing partnerships. The acquisition represents a strategic expansion for Ryan Specialty into the alternative risk market and underscores its commitment to innovation in structured solutions.
Sectors
- Insurance
- Financial Advisory
Geography
- United States – Both Ryan Specialty and USQRisk are based in the United States, with significant operations impacting the U.S. insurance market.
- United Kingdom – USQRisk also operates in London, indicating a geographical presence in the UK that may be relevant to the acquisition.
Industry
- Insurance – The article focuses on Ryan Specialty's acquisition of USQRisk, both of which operate in the insurance industry, particularly in specialty and alternative risk insurance.
- Financial Advisory – TAG Financial Institutions Group, LLC acted as the exclusive financial advisor to USQRisk in this transaction, highlighting the role of financial advisory services in M&A activities.
Financials
- $11 million – Unaudited incremental operating revenue brought by the acquisition based on the 12 months ended December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ryan Specialty | Bidding Company | Company | A global specialty insurance firm acquiring assets to expand its alternative risk segment. |
| USQRisk Holdings, LLC | Target Company | Company | An international managing general agent specializing in non-traditional insurance risks. |
| TAG Financial Institutions Group, LLC | Financial Advisor | Company | Acted as the exclusive financial advisor to USQRisk in the acquisition deal. |
| Kieran Dempsey | CEO of Ryan Alternative Risk | Person | Provided comments on the strategic value of acquiring USQRisk. |
| Anibal Moreno | CEO of USQRisk | Person | Commented on choosing Ryan Specialty as a partner to enhance USQRisk's capabilities. |