Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington.
The acquisition is expected to close in January 2023.
Griffin Underwriting is a binding authority specialist and wholesale insurance broker.
Griffin offers services across various specialty insurance lines, including earthquake and transportation. Griffin generated a reported $23 million of revenue for the 12 months ended November 30, 2022.
Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers.
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