Ryan Specialty has successfully integrated Paradiso Risks, enhancing its capacity in contingency and non-appearance insurance within the sports and entertainment sectors.

Target Information

Ryan Specialty is a prominent player in the global insurance sector, specializing in diverse underwriting and transactional risk solutions. It has recently integrated Paradiso Risks into its operations, a managing general underwriter (MGU) with a focus on contingency and non-appearance insurance. This strategic move, finalized as part of the Castel Underwriting Agencies acquisition on May 1, 2024, further enhances Ryan Specialty's capabilities in the sports, leisure, and entertainment industries.

The inclusion of Paradiso Risks is expected to complement and expand Ryan Specialty's existing portfolio, allowing the firm to offer more comprehensive risk management solutions to its clientele. This merger also aligns with Ryan Specialty’s overarching goals of growth and innovation within its specialty underwriting segments.

Industry Overview in the United States

The insurance industry in the United States has shown resilience and adaptability, driven by evolving consumer needs and technological advancements. The market is characte