Summer 2026
Posted on 12/19/2025
Specialty insurance brokerages and underwriting programs
No salary listed
Boston, MA, USA + 71 more
More locations: Norwell, MA, USA | Las Vegas, NV, USA | Naples, FL, USA | Naperville, IL, USA | Fresno, CA, USA | Houston, TX, USA | Louisville, KY, USA | Nashville, TN, USA | Oconomowoc, WI, USA | Stonycreek Township, PA, USA | Cheektowaga, NY, USA | Orange, OH, USA | Newport Beach, CA, USA | Galt, CA, USA | San Francisco, CA, USA | Garland, TX, USA | Austin, TX, USA | Jupiter, FL, USA | Newtown Square, PA, USA | Los Angeles, CA, USA | Tampa, FL, USA | Jericho, NY, USA | Morristown, NJ, USA | Burbank, CA, USA | Birmingham, AL, USA | Irvine, CA, USA | Sparks, MD, USA | Tacoma, WA, USA | Franklin, MA, USA | Dallas, TX, USA | Chalfont, PA, USA | Rocky Hill, CT, USA | Plano, TX, USA | Hopkins, MN, USA | Richmond, VA, USA | Chicago, IL, USA | Greenville, SC, USA | Edmond, OK, USA | Plainview, NY, USA | Charlotte, NC, USA | St. Louis, MO, USA | Portage, MI, USA | Carmel, IN, USA | Exton, PA, USA | Little Rock, AR, USA | La Jolla, San Diego, CA, USA | Dublin, OH, USA | Pittsburgh, PA, USA | Hammond, LA, USA | Walnut Creek, CA, USA | Hamilton Township, NJ, USA | Kansas City, MO, USA | Lynnwood, WA, USA | Lake Mary, FL, USA | Hartford, CT, USA | Baton Rouge, LA, USA | New York, NY, USA | Phoenix, AZ, USA | Charleston, SC, USA | Minneapolis, MN, USA | Bellevue, WA, USA | Denver, CO, USA | Peabody, MA, USA | Springfield, MO, USA | Westfield, MA, USA | Jacksonville, FL, USA | Livonia, MI, USA | Portland, ME, USA | Atlanta, GA, USA | Roseville, CA, USA | St Paul, MN, USA
Hybrid
Ryan Specialty provides specialty insurance products and solutions to insurance brokers, agents, and carriers. It operates through three segments: Wholesale Brokerage (RT Specialty) to place complex risks, Binding Authority for managing general underwriters to quote and service policies, and Underwriting Management to develop proprietary programs under delegated authority. The company differentiates itself by combining broker access, delegated underwriting authority, and proprietary programs to serve hard-to-place risks, with a strong US presence and international reach. Its goal is to deliver tailored risk solutions for specialty and hard-to-place risks while expanding its international specialty insurance market.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2010
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MediaAlpha, an insurance marketplace technology platform, has demonstrated strong momentum with 69.4% annual revenue growth over the past two years. The company, which connects insurance carriers with consumers, is trading at a market capitalisation of $544.6 million. The platform processes nearly 10 million consumer referrals monthly across property, casualty, health and life insurance products. Forecasted revenue growth of 11.8% for the next 12 months suggests sustained momentum. Earnings per share growth of 564% annually has significantly outpaced revenue expansion, indicating improving profitability as the business scales. Ryan Specialty, a wholesale insurance broker founded in 2010, posted impressive metrics including 21.2% annual revenue growth and a robust 19.2% free cash flow margin. The company trades at $4.73 billion market capitalisation.
Ryan Specialty, a wholesale insurance broker founded in 2010, is attracting Wall Street attention with a consensus price target of $64.31, implying 35.5% upside. The company has demonstrated strong organic revenue growth averaging 12.8% over the past two years. Ryan Specialty's earnings per share grew 23.1% annually over the last two years, significantly outpacing peers. The company maintains a robust free cash flow margin of 18.9%, enabling consistent capital reinvestment and returns. Meanwhile, analysts remain bullish on Mister Car Wash and Donnelley Financial Solutions despite concerning fundamentals. Mister Car Wash faces weak same-store sales trends and high debt levels, whilst Donnelley Financial Solutions has seen sales decline 3% annually over five years. Independent analysis suggests caution on these stocks despite Wall Street's optimistic price targets.
Ryan Specialty has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Canadian managing general underwriter based in Toronto. SSRU, founded in 2016 by Stephen Stewart, specializes in high-hazard property and casualty solutions and will join the Ryan Specialty Underwriting Managers division. SSRU has a strong distribution network across all 13 Canadian provinces and territories.
Ryan Specialty launched a collateralized reinsurance sidecar, Ryan Alternative Capital Re, Ltd., raising $400 million, backed by Flexpoint Ford and Sixth Street. This vehicle supports Ryan Specialty Underwriting Managers' P&C insurance business, providing $900 million in multi-year premium capacity. The initiative, in collaboration with AXIS Capital and Lloyd's of London, aims to enhance specialty cat and non-cat risk capacity. Deutsche Bank Securities acted as the structuring and placement agent.
Ryan Specialty enters Ireland with acquisition of 360 Underwriting.