Ryan Specialty to buy alternative risk MGA

Ryan Specialty Holdings Inc. said late Monday it has agreed to buy certain assets of USQRisk Holdings LLC, a managing general agent specializing in alternative risk transfer, including multiyear coverage structures.

Terms were not disclosed.

New York-based USQRisk, which was formed in 2020, had about $11 million in operating revenue in 2024, a Ryan Specialty statement said.

Ryan Specialty had previously worked with USQRisk on excess liability coverage for trucking risks, the statement said.

The deal is expected to close in the second quarter.