Ryan Specialty Signs Definitive Agreement to Acquire Griffin Underwriting Services
Summary
CHICAGO--(BUSINESS WIRE)--Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce that today it signed a definitive agreement to acquire certain assets of Griffin Underwriting Services (“Griffin”), a binding authority specialist and wholesale insurance broker headquartered in Bellevue, WA. Griffin offers a broad array of solutions across various specialty insurance lines, including earthquake and transportation. Griffin’s technical acumen and consistent underwriting results have attracted the support of numerous leading carriers. We’re excited about the opportunities that this new phase will create for our employees, and we look forward to the future as a part of the Ryan Specialty family.” Griffin generated approximately $23 million of revenue for the 12 months ended November 30, 2022. ryanspecialty.com [1] Revenue attributable to the acquired business for the trailing twelve-month period ending November 30, 2022, as reported by the Griffin’s management.