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Overview
Velocity Risk Underwriters provides specialty property insurance as a managing general underwriter across the United States, focusing on catastrophe-exposed properties such as hurricanes, earthquakes, and tornadoes. It operates as a hybrid MGA/carrier and sells Excess and Surplus policies through a tech-enabled platform that connects brokers, agents, and capital providers. The firm uses its VISTA data-driven underwriting system and catastrophe modeling to price risk and manage portfolios, targeting underserved markets in the Southeast, including Florida and Texas. Its goal is to efficiently connect risk with capital and expand access to catastrophe-property coverage for commercial properties.
About Velocity Risk
Industries
Data & Analytics
Financial Services
Company Size
51-200
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$119.4M
Headquarters
Nashville, Tennessee
Founded
2014
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Simplify's Take
What believers are saying
- Ryan Specialty distribution can expand Velocity’s broker reach in specialty lines.
- FM’s planned VSIC acquisition strengthens carrier capacity and balance-sheet support.
- LSU hurricane modeling can sharpen coastal underwriting and improve broker conversations.
What critics are saying
- Catastrophe-heavy Florida, Texas, and Southeast exposure drives volatile losses.
- VSIC regulatory approval remains unresolved, delaying the carrier separation.
- Ryan Specialty integration can disrupt underwriting autonomy and weaken renewal retention.
What makes Velocity Risk unique
- Velocity is a tech-enabled MGU focused on catastrophe-exposed commercial property.
- VISTA combines advanced modeling with underwriting for faster E&S pricing decisions.
- Ryan Specialty now houses Velocity inside its Underwriting Managers division.
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Funding
Total Funding
$119.4M
Above
Industry Average
Funded Over
1 Rounds
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire
Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire Velocity Risk Underwriters for $525 million in upfront cash. Velocity, based in Nashville, specializes in first-party insurance for catastrophe-exposed properties, generating $81 million in operating revenue for the year ending December 31, 2024. The acquisition, expected to close in early 2025, will enhance Ryan Specialty's catastrophe insurance portfolio, particularly in Florida, Texas, and the Southeast.
Ryan Specialty has agreed to acquire property cat-focused MGA Velocity Risk Underwriters from private equity sponsor Oaktree Capital Management in a $525mn cash deal, with property mutual giant FM acquiring Velocity Specialty Insurance Company.
Velocity Risk Underwriters has partnered with Louisiana State University (LSU) to develop the "Velocity Risk LSU Gulf Hurricane Outlook" model, the first of its kind to use daily data to predict US hurricane seasonal activity.
Velocity Risk partners with LSU to develop Gulf Coast hurricane model.
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About Velocity Risk
Industries
Data & Analytics
Financial Services
Company Size
51-200
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$119.4M
Headquarters
Nashville, Tennessee
Founded
2014
There are no jobs for Velocity Risk right now.
Find jobs on Simplify and start your career today