Ryan Specialty to take 9.9% stake in VSIC for ~$16mn: CEO Turner
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Ryan Specialty to take 9.9% stake in VSIC for ~$16mn: CEO Turner

CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals.

By Jairo Ibarra
February 20, 2025
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Ryan Specialty is acquiring a 9.9% equity interest in Velocity Specialty Insurance Company (VSIC) for roughly $16mn, subject to closing conditions, as part of the takeover of Velocity Risk, CEO Tim Turner said.

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