Ryan Specialty has announced the completion of its acquisition of AccuRisk Holdings, LLC, a medical stop loss managing general underwriter (MGU).
Based in Chicago, AccuRisk was established in 2017 and reported approximately $25 million in revenue in the 12 months ending July 31. Ryan Specialty first announced the acquisition in October.
“Dan and the AccuRisk team are proven leaders in the medical stop loss space, having built one of the largest independent medical stop loss MGUs. Moreover, the AccuRisk team shares our vision to develop a comprehensive integrated health solution, providing retail brokers with a ‘one-stop shop’ for self-insurance needs. Together, Ryan Specialty and the AccuRisk professionals will be able to accelerate the rate of innovation in the employee benefits industry,” Ryan Specialty CEO, founder, and chairman Patrick G. Ryan said in a prior news release.
In other recent developments, Ryan Specialty also announced the appointment of Anthony J. Kuczinski to its board of directors.
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