Ryan Specialty seals deal to buy MGU Castel from Arch
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Ryan Specialty seals deal to buy MGU Castel from Arch

Jairo Ibarra
December 21, 2023
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Ryan Specialty has signed a deal to acquire the MGU platform Castel Underwriting Agencies from Arch and minority owners for an undisclosed sum.

The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest from strategic and private equity bidders earlier this year.

Sources

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Topics

NewsM&AArch CapitalMGAs/MGUsRyan Specialty
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Jairo Ibarra
Senior Reporter
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