Ryan Specialty in final talks to acquire Innovisk Capital

Ryan Specialty (RYAN) is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. As a result of the acquisition, Innovisk would become a part of Ryan Specialty Underwriting Managers, the underwriting management segment within Ryan Specialty. The acquisition is expected to close early next month. Commenting on Innovisk, Tim Turner, CEO of Ryan Specialty, said, “We have tremendous respect for Innovisk. Their outstanding management team has demonstrated a differentiated value proposition to brokers, agents and carriers, and their underwriting talent is among the best in the industry. At Ryan Specialty, we see new product innovation and diversification as essential components of the value that we bring to our clients and trading partners. Innovisk clearly shares this view and has made the critical investments to be able to not only launch new products but bring those products to market quickly.”