- Ryan Specialty (RYAN, Financial) has agreed to acquire USQRisk Holdings (USQ), enhancing its alternative risk business.
- The acquisition is projected to add $11 million in incremental operating revenue and is expected to close in Q2 2025.
- USQ specializes in underwriting non-traditional insurance risks with two divisions: Alternative Risk and Facilities.
Ryan Specialty (RYAN), renowned for its innovative specialty insurance solutions, has announced a definitive agreement to acquire USQRisk Holdings (USQ). The acquisition aims to integrate USQ into Ryan Specialty's alternative risk business, enhancing its capability to provide bespoke, multi-year risk solutions.
The deal, valued at approximately $11 million in incremental operating revenue, is anticipated to close in the second quarter of 2025. Formed in 2020, USQ operates in New York and London. It focuses on alternative risk and facilities, offering non-traditional insurance underwriting and creating new products for unique market risks.
Kieran Dempsey, CEO of Ryan Alternative Risk, highlighted that USQ’s innovative approach across structured solutions in liability, property, and auto insurance significantly complements Ryan Specialty’s growth strategy. The two companies have previously collaborated through their AXSAL Re partnership, providing excess coverage for mid-sized trucking fleets.
Anibal Moreno, CEO of USQ, expressed enthusiasm about joining Ryan Specialty, citing the benefits of preferred trading status with major brokers, advanced technology infrastructure, and the entrepreneurial culture as key drivers for the partnership.
The strategic acquisition is positioned to strengthen both companies' market presence, offering expanded risk solutions and leveraging technology to better serve clients in dynamic insurance markets.
