Ryan Specialty announce it has signed a definitive agreement to acquire the Property and Casualty MGUs owned by Ethos Specialty Insurance from Ascot Group. Ethos P&C was founded in 2017 by Ascot Group and will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. Ethos’ Transactional Liability MGU is not included in the transaction and will remain with Ascot. Terms of the transaction were not disclosed. The acquisition is expected to close during September 2024.
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