Ryan Specialty (a leading international specialty insurance firm) announced that it has signed a definitive agreement to acquire certain assets of USQRisk Holdings. USQ will become part of Ryan Specialty’s alternative risk business.
Launched in 2020 by an experienced New York and London management team, USQ underwrites non-traditional insurance risks. And USQ has two core business divisions: Alternative Risk and Facilities.
Their Alternative Risk specialty underwrites, structures, prices and places specialty insurance for corporate clients looking for bespoke and multi-year risk solutions. And their facilities specialty creates new products for unique risks in highly dislocated markets. Several highly rated insurance carriers also support USQ.
The terms of the transaction were not disclosed. The acquisition is expected to close during the second quarter of 2025. Based on the 12 months ended December 31, 2024, this acquisition brings about $11 million of incremental operating revenue to Ryan Specialty.
Advisor: TAG Financial Institutions Group acted as the exclusive financial advisor to USQ.
KEY QUOTES:
“USQ adds tremendous breadth and depth to our growing alternative risk business. USQ is known for their innovation across a wide variety of structured solutions, including liability, property, and auto. USQ’s expansion into facilities has given Ryan Specialty the chance to work directly with USQ though our AXSAL Re partnership, which provides excess coverage for mid-sized trucking fleets. We believe USQ to be among the highest-quality alternative risk specialists in the industry and are very much looking forward to the team joining our firm.”
- Kieran Dempsey, CEO of Ryan Alternative Risk
“We chose Ryan Specialty because we consider them to be the leader in alternative risk. As part of Ryan Specialty, we will have access to preferred trading status with the world’s largest brokers, broad-based capital support from the industry’s top insurance markets, a world-class suite of technology and back-office support, and an entrepreneurial culture that rewards innovation. We believe that our team will be able to amplify its breadth and depth at Ryan Specialty.”
• ⁃ Anibal Moreno, CEO of USQ
