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Ryan Specialty (NYSE:RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire the Property and Casualty ("P&C") MGUs owned by Ethos Specialty Insurance, LLC ("Ethos P&C") from Ascot Group Limited ("Ascot Group"). Ethos P&C was founded in 2017 by Ascot Group and will become a part of the Ryan Specialty Underwriting Managers ("RSUM") division of Ryan Specialty. Ethos' Transactional Liability MGU is not included in the transaction and will remain with Ascot.
Ethos P&C comprises eight programs which underwrite on behalf of a diversified panel of insurance carriers. In the property division, the firm specializes in manufacturing, processing & warehousing, excess property, wind deductible buydowns, and all other perils buydowns. Ethos P&C's casualty coverages include New York contractors, construction wraps, real estate and CleanTech general liability.
Posted In: RYAN
