Ryan Specialty to acquire Velocity Risk for $525m. FM to acquire Velocity E&S carrier – Go Health Pro
Ryan Specialty has agreed to acquire managing general underwriter (MGU) Velocity Risk Underwriters, LLC from its current owner, funds managed by Oaktree Capital Management, L.P. for $525 million, while insurer FM is set to acquire the MGU’s excess and surplus (E&S) lines carrier.The pending acquisition marks the next stage in Velocity Risk’s ownership story, as … Read more
