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Ryan Specialty acquires assets of Everest MGU

Chicago-based specialty insurance brokerage Ryan Specialty Holdings Inc. announced Wednesday it acquired the assets of sports, leisure and entertainment managing general underwriter EverSports & Entertainment Insurance Inc. from Everest Group Ltd.

Terms of the transaction were not disclosed.

The Carmel, Indiana-based EverSports, founded in 2013, will join Alive Risk, Ryan Specialty’s existing SLE group, the specialty insurer said.