Ryan Specialty to take 9.9% stake in VSIC for ~$16mn
Ryan Specialty is acquiring a 9.9% equity interest in Velocity Specialty Insurance Company (VSIC) for roughly $16mn as part of the takeover of Velocity Risk, CEO Tim Turner said.
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Daily Digest: Top news from February 21
A quick roundup of today’s need-to-know news, including Ryan Specialty, Montana workers’ comp, NAIC initiatives and more.