Ryan Specialty to buy Stewart Specialty Risk Underwriting

* Specialty insurance firm Ryan Specialty (NYSE:RYAN [https://seekingalpha.com/symbol/RYAN]) has signed a definitive agreement to acquire Toronto, Canada-based Stewart Specialty Risk Underwriting.
* Terms of the deal were not disclosed. The transaction [https://seekingalpha.com/pr/20281282-ryan-specialty-signs-definitive-agreement-to-acquire-canadian-mgu-stewart-specialty-risk]is expected to close in the fourth quarter of 2025.
* Founded in 2016, Stewart Specialty is a managing general underwriter specializing in underwriting large-account, high-hazard property and casualty solutions. The company generated approximately CAD$18 million of operating revenue for the 12 months ended September 30, 2025.
* The business will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty.

MORE ON RYAN SPECIALTY GROUP

* Ryan Specialty Holdings, Inc. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4807345-ryan-specialty-holdings-inc-2025-q2-results-earnings-call-presentation]
* Ryan Specialty Holdings, Inc. (RYAN) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4807344-ryan-specialty-holdings-inc-ryan-q2-2025-earnings-call-transcript]
* Ryan Specialty names Keogh, Mulshine as co-presidents [https://seekingalpha.com/news/4502804-ryan-specialty-names-keogh-mulshine-as-co-presidents]
* Ryan Specialty's corporate family rating upgraded to Ba3 by Moody's [https://seekingalpha.com/news/4487653-ryan-specialtys-corporate-family-rating-upgraded-to-ba3-by-moodys]
* Seeking Alpha’s Quant Rating on Ryan Specialty Group [https://seekingalpha.com/symbol/RYAN/ratings/quant-ratings]