Ryan Specialty to expand property cat portfolio with $525m Velocity Risk acquisition

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Reinsurance News - Jan 07, 2025

Specialty insurer Ryan Specialty has agreed to acquire Nashville, Tennessee-based managing general underwriter Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P., expanding its property catastrophe portfolio. Expected to close early this year, Vel...

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