Ryan Specialty announced it has signed a definitive agreement to acquire US Assure Insurance Services of Florida, a program specializing in builder’s risk insurance, and will become a part of our Underwriting Managers Specialty within Ryan Specialty. Patrick Ryan, Founder, Chairman and CEO of Ryan Specialty, remarked, “US Assure is one of our industry’s oldest and highest quality programs, and has developed an outstanding business in a difficult class. Specializing in builder’s risk, US Assure underwrites a diversified portfolio of residential, commercial, and remodeling projects in non-urban locations as well as large metropolitan areas. Ty Petway and his team have consistently produced profitable business on behalf of their carrier trading partner. We look forward to including US Assure in the Ryan Specialty family.” The acquisition is expected to close during the third quarter of 2024, subject to customary closing conditions.
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