Ryan Specialty Signs Definitive Agreement To Acquire Ethos Specialty Insurance's P&C MGUs From Ascot Group Limited; Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ryan Specialty has signed an agreement to acquire Ethos Specialty Insurance's P&C MGUs from Ascot Group. The acquisition will enhance Ryan Specialty's underwriting capabilities, but the terms were not disclosed.
September 03, 2024 | 12:19 pm
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Ryan Specialty is acquiring Ethos Specialty Insurance's P&C MGUs, which will enhance its underwriting capabilities. The acquisition is expected to strengthen Ryan Specialty's market position.
The acquisition of Ethos Specialty Insurance's P&C MGUs by Ryan Specialty is likely to positively impact RYAN's stock price in the short term. This strategic move will enhance Ryan Specialty's underwriting capabilities and market position, which is generally viewed favorably by investors. The lack of disclosed terms introduces some uncertainty, but the overall impact is expected to be positive.
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