Ryan Specialty agrees to buy med stop-loss brokerages

Ryan Specialty Holdings Inc. said Tuesday it has agreed to acquire certain assets of medical stop-loss brokerages ACE Benefit Partners Inc. and Point6 Healthcare LLC.

Terms of the transactions were not disclosed, but they are expected to close in July.

Founded in 2014, ACE is a medical stop-loss agent based in Eagle, Idaho.

Plano, Texas-based Point6 distributes medical stop-loss coverage, pharmacy solutions and complex claims management on behalf of retail brokers and third-party administrators.