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Ryan Specialty files for IPO


Ryan Specialty Group LLC said Monday it has filed a registration statement related to its proposed initial public offering.

The wholesaler said in March that it had confidentially submitted a draft registration form, S-1, to the SEC. It said then it expects to begin the IPO following completion of the SEC review process, subject to market and other conditions.

Monday’s statement said the number of shares of its Class A common stock to be offered, and the price range, have not yet been determined. The stock will be listed on the New York Stock Exchange under the ticker symbol “RYAN.”

Ryan Specialty, established in 2010 by former Aon PLC CEO Patrick G. Ryan, is the third-largest property/casualty wholesaler, according to Business Insurance’s most recent ranking.

The company reported 2020 proforma premium volume of $13.2 billion and has more than 3,300 employees. A total of 69% of its business is admitted and 31% nonadmitted, according to BI’s 2020 Insurance Wholesalers Ranking & Directory.








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