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Stock impact report

Ryan Specialty Signs Definitive Agreement to Acquire Canadian MGU Stewart Specialty Risk Underwriting

Ryan Specialty Group Holdings, Inc. Class A (RYAN) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Ryan Specialty (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, is pleased to announce that it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (“SSRU”). SSRU is a managing general underwriter (“MGU”) based in Toronto, Canada specializing in underwriting large-account, high-hazard property and casualty solutions. SSRU will become a part of the Ryan Specialty Underwriting Managers (“RSUM”) division of Ryan Specialty.Founded in 2016 by Stephen Stewart, SSRU has established itself as a leading Canadian MGU with expertise in manufacturing, utilities, real estate, construction and oil and gas. SSRU has built a robust distribution network that includes many global retail brokers and has capabilities across all 13 Canadian provinces and territories. The firm’s breadth of expertise and consistent underwriting results have attracted the backing of multiple A rated carriers.Pat Ryan, Founder and Show less Read more
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