Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance.
Based in Jacksonville and founded in 1977, US Assure distributes, underwrites and services Zurich insurance programs. US Assure operates across the country and works with some 20,000 agents, the companies said in a news release. Ty Petway is CEO of the firm.
Zurich will continue as the carrier for builder’s risk coverage. Ryan Specialty, based in Chicago, will hold a mutually exclusive underwriting agreement with Zurich, the company said. Producers can continue to quote and issue policies at usassure.com.
The sale is expected to close in the third quarter this year, Ryan Specialty said.
Topics USA Excess Surplus
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