Ryan Specialty has announced its acquisition of Stewart Specialty Risk Underwriting Ltd., aimed at enhancing its underwriting capabilities in the Canadian market.
Target Information
Ryan Specialty has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), which is a managing general underwriter based in Toronto, Canada. SSRU specializes in providing underwriting services for large-account, high-hazard property and casualty solutions, making it an ideal fit for Ryan Specialty's extensive portfolio. Following the acquisition, SSRU will be integrated into Ryan Specialty Underwriting Managers, enhancing its capabilities in handling complex risk scenarios.
This acquisition is part of Ryan Specialty's broader strategy to expand its offerings and strengthen its position in the underwriting market. With SSRU's expertise, Ryan Specialty aims to leverage its operations in Canada while simultaneously providing innovative underwriting solutions to its clients.
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Industry Overview
The Canadian property and casualty insurance industry is characterized by its robust regulatory environment and competitive landscape. As one of the largest sectors within the financial services market, it plays a crucial role in
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