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Ryan Specialty Completes Buy of Velocity Risk Underwriters

Insurance Journal

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …

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Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO

Insurance Journal

Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing cyber underwriting activities: Envelop Risk Bermuda and Envelop at Lloyd’s, including the Envelop Risk SPA 1925. Dom Peters has …

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Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Insurance Journal

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter

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Become an Attractive Risk for Underwriters

Insurance Journal

Insurance Carriers are reducing their appetite for risk and increasing premiums. This post is part of a series sponsored by TSIB. This means they are being much more selective in what they are willing to insure. If they are going …

Risk 246
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AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss

Insurance Journal

property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. P/C insurers posted an underwriting loss … A report from industry rating agency AM Best this week said U.S.

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People Moves: Ryan Specialty Underwriting Managers Appoints Leadership Team Members

Insurance Journal

Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Quinn joined RSUM through the acquisition of All Risks … Eric Quinn was promoted to executive vice president – capital and product strategy.

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Alera Group Acquires Louisiana’s Insurance Underwriters Ltd.

Insurance Journal

Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and employee benefits.