Ryan Specialty Group has announced the acquisition of 360° Underwriting, a managing general underwriter (MGU) with offices in Dublin and Galway, specializing in commercial construction insurance. The acquired firm will now operate under the Ryan Specialty Underwriting Managers (RSUM) division.
Established in 2017, 360° Underwriting has carved out a strong niche in Ireland’s construction insurance market. The company provides tailored solutions such as latent defect insurance and owner-controlled insurance programs. Leveraging proprietary risk modelling techniques, 360° Underwriting has successfully managed risk aggregation and portfolio consistency, earning the confidence of strong capital partners.
This acquisition marks another step in Ryan Specialty’s strategic expansion across the UK and Ireland. It follows the firm’s acquisition of Innovisk Capital Partners, which was finalized in November. Formerly owned by Abry Partners and BHMS Investments, Innovisk is now also part of the RSUM platform.
Founded in 2017 and headquartered in London, Innovisk brings a diversified specialty portfolio that includes environmental insurance, transactional liability, and commercial auto. The company also has operations in the United States and India.
Ryan Specialty’s continued expansion comes on the heels of robust financial results. In the third quarter of 2024, the firm reported total revenue of US$604.7 million, representing a 20.5% increase compared to US$501.9 million in the same quarter of 2023.
