Ryan Specialty Holdings announced the acquisition of 360 Degree Underwriting, a managing general underwriter based in Dublin and Galway, Ireland. The company specializes in commercial construction.
360 will join the Ryan Specialty Underwriting Managers division. Since it launched in 2017, the firm has developed modeling methods to manage risk concentration and maintain portfolio consistency.
The deal terms were not shared.
Mark Birrell, executive chairman of Ryan Specialty Underwriting Managers International, said 360 complements the company’s latent defect business and gives it a new presence in Ireland.
Mark Birrell, Executive Chairman, Ryan Specialty Underwriting Managers International, remarked, “Paul and Tommy are well known in the market for their technical underwriting expertise when it comes to construction. Not only are they a perfect fit from a cultural perspective, but they are an excellent complement to our existing latent defect business and a natural entry point for Ryan Specialty to Ireland. We’re excited to welcome them to Ryan Specialty.”
They are an excellent complement to our existing latent defect business and a natural entry point for Ryan Specialty to Ireland
Mark Birrell, executive chairman of Ryan Specialty Underwriting Managers International
Paul Sherry and Tommy Byrne, managing directors of 360, said Ryan Specialty offers a strong platform for expanding their services.
Paul Sherry and Tommy Byrne, Managing Directors of 360, added, “We are thrilled to partner with Ryan Specialty. They are a very well-respected brand in the construction space. The Ryan Specialty Underwriting Managers platform, with its deep resources and cutting-edge support, is the perfect environment for us to expand our offering”.
“Additionally, we are drawn to the strong culture of integrity and empowerment at Ryan Specialty making the firm an excellent fit for our future – allowing us to continue to provide the service levels that our broker trading partners have become accustomed to since 2019.”
In April, Ryan Specialty also announced plans to acquire assets from USQRisk Holdings. That deal will build on their existing partnership in commercial trucking.
Ryan Specialty said the acquisition will bring in an additional $11 mn in revenue, based on 2024 data. The deal is expected to close in the second quarter of 2025.
