Ryan Specialty
- Company typePublic
- Founded2010
- HeadquartersChicago, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Ryan Specialty firmographics
Firmographics- Name
- Ryan Specialty
- Legal name
- Ryan Specialty Holdings, Inc.
- Website
- https://ryanspecialty.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Ryan Specialty industry classification
Industry- Product category
- Specialty Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
- akta.pro secondary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Ryan Specialty is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Ryan Specialty business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Wholesale Brokerage (RT Specialty): Commission and fee-based revenue from wholesale brokerage services provided to retail brokers and agents. RT Specialty handles property, casualty, professional lines, transportation, personal lines and workers' compensation insurance products on both open market and delegated authority basis.
- Underwriting Management / Delegated Authority: Revenue from managing general underwriters (MGUs) operating under delegated authority from carriers. Ryan Specialty Underwriting Managers operates 40 MGUs handling over 300 specialized insurance products. Delegated authority revenue reached $1.4 billion representing 47% of total revenue in 2025.
- Binding Authority: RT Binding Authority is one of the industry's largest binding authority platforms providing local knowledge and expertise with national authority and nationwide resources.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commission-based pricing tied to premium volume placed |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Ryan Specialty product offering
Product offeringCore offering
Ryan Specialty is an international specialty insurance firm that operates as a wholesale broker and managing underwriter. The company distributes specialty insurance products through three core divisions: RT Specialty (wholesale brokerage serving retail brokers and agents), RT Binding Authority (binding authority platform with national reach), and Ryan Specialty Underwriting Managers (RSUM) which operates 40 managing general underwriters handling over 300 specialized insurance products on a delegated authority basis.
Product overview
Ryan Specialty is a specialty insurance firm operating as a platform of interconnected businesses rather than a single unified product. The company operates three core divisions: RT Specialty (wholesale brokerage), RT Binding Authority (binding authority platform), and Ryan Specialty Underwriting Managers (managing general underwriters). These core offerings are supported by digital platform RT Connector for streamlined submissions and policy issuance, and specialized practices like RT ProExec for professional and executive liability. Underwriting management operates through 40+ managing general underwriters handling 300+ specialized insurance products across property, casualty, professional lines, construction, healthcare, and other specialty segments. The company has pursued aggressive M&A strategy acquiring Velocity Risk Underwriters, 360° Underwriting, Ethos Specialty P&C MGUs, Stewart Specialty Risk Underwriting, and others to expand capabilities. Ryan Specialty Alternative Risk division includes USQRisk for structured solutions and Ryan Alternative Capital Re collateralized reinsurance vehicle.
Differentiator
Problem solved
Functional benefit
Brands
- RT ProExec: Specialty insurance practice focused exclusively on Executive, Professional and Transactional Liability
- RT Connector
- Trident Marine Managers
- Ryan Specialty Public Entity
- Clach Casualty Underwriters
- Ryan Financial Lines
- Ryan Specialty National Programs
Products and services
- RT Specialty
Quantifiable outcome
- Underwriting submission turnaround times reduced from approximately 24 hours to under 2 hours in pilot areas through AI investments
- +3 more outcomes
Companies that use Ryan Specialty
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles3 records
Ryan Specialty technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature4 records
Ryan Specialty partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Aspen Insurance GroupminorExpanded underwriting partnership with Aspen Insurance Group as part of Ryan Specialty's continued growth and market expansion initiatives.
Scale indicators22 records
Recent moves11 records
Expansion highlights8 records
Ryan Specialty competitors and assessment
Company assessmentDirect peers
- Amwins Group: The largest U.S. wholesale insurance broker and MGU. Directly competes with Ryan Specialty across specialty wholesale brokerage, binding authority, and managing general underwriting, and is the #1 player that Ryan Specialty explicitly ranks behind in U.S. P&C wholesale premium volume.
- Brown & Brown: Diversified insurance broker with a sizable wholesale and MGU platform (including acquired RPS/Griswold and other specialty units). Competes head-on with Ryan Specialty in U.S. specialty placement and binding authority.
- CRC Group: Wholesale insurance broker and MGU serving retail agents on excess & surplus and specialty lines. Overlaps directly with RT Specialty's wholesale distribution and several RSUM underwriting specialties.
- Burns & Wilcox: Specialty wholesale broker and MGU (part of Hilb Group) focused on surplus lines and hard-to-place risks. Directly comparable to RT Specialty's wholesale and binding authority operations.
- RPS Group / Risk Placement Services: Specialty wholesale broker and binding authority operator now part of Brown & Brown; longstanding direct competitor in E&S placement and binding authority versus RT Specialty and RT Binding Authority.
Broad incumbents
- Arthur J. Gallagher & Co. Large global insurance broker with meaningful wholesale and MGU capabilities. While much broader than Ryan Specialty, its wholesale specialty practice competes for the same retail brokers and carrier partners.
- Aon plc: Global insurance and reinsurance broker with a wholesale-style specialty practice and an active reinsurance capital-markets business that overlaps conceptually with Ryan Specialty's RSUM and Ryan Alternative Capital Re strategy.
- Marsh & McLennan: World's largest insurance broker; competes with Ryan Specialty for complex, large-account specialty placements and operates adjacent wholesale/placement capabilities outside its core retail brokerage.
Emerging players
- Lockton Companies: Largest privately held insurance broker, increasingly competing in specialty and binding authority niches. Smaller dedicated wholesale brokerage scale than Ryan Specialty but expanding into similar specialty lines.
- Hub International: Mid-market insurance broker with growing specialty and wholesale capabilities. Overlaps with Ryan Specialty on specialty placement for North American middle-market clients, though less centralized in E&S wholesale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat8 records
Key risks7 records
Key highlights7 records
Customer concentration
Ryan Specialty social profiles
Digital presenceRyan Specialty compliance and trust
Trust signalCompliance1 record
Ryan Specialty financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ryan Specialty leadership team
Management profileNumber of profiles
Profiles25 records
Ryan Specialty subsidiaries and ownership
Company hierarchySubsidiaries16 records
Ryan Specialty funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ryan Specialty M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ryan Specialty
What does Ryan Specialty do?
Ryan Specialty is an international specialty insurance firm that operates as a wholesale broker and managing underwriter. The company distributes specialty insurance products through three core divisions: RT Specialty (wholesale brokerage serving retail brokers and agents), RT Binding Authority (binding authority platform with national reach), and Ryan Specialty Underwriting Managers (RSUM) which operates 40 managing general underwriters handling over 300 specialized insurance products on a delegated authority basis.
Is Ryan Specialty a public or private company?
Ryan Specialty is a public company. It is classified as public and is currently operating.
When was Ryan Specialty founded?
Ryan Specialty was founded in 2010. It employs 1,001 to 5,000 people.
Where is Ryan Specialty based?
Ryan Specialty is headquartered in Chicago, United States, in the North America region.
How does Ryan Specialty make money?
Three revenue lines are on record. Wholesale Brokerage (RT Specialty) is the primary driver. The others are underwriting Management / Delegated Authority and binding Authority.
Who are Ryan Specialty's main competitors?
Direct peers on record are Amwins Group, Brown & Brown, CRC Group, Burns & Wilcox and RPS Group / Risk Placement Services. Broad incumbents are Arthur J. Gallagher & Co., Aon plc and Marsh & McLennan. Emerging players are Lockton Companies and Hub International.
Does Ryan Specialty have an API?
No public API is recorded for Ryan Specialty.
What industry is Ryan Specialty in?
Ryan Specialty's product category is Specialty Insurance Brokerage. Its primary akta.pro industry code is FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines), with a secondary code of FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines). Its NAICS code is 52421 and its SIC code is 6411.