Ryan Specialty is to acquire Socius Insurance Services, a North Carolina-headquartered wholesale insurance broker. Ryan Specialty will acquire the firm from Abry Partners, employees and other shareholders.
As part of the acquisition, Socius will become part of RT Specialty, Ryan Specialty’s wholesale distribution specialty. The acquisition is expected to close in July 2023.
Established in 1998, Socius specialises in insurance, including management, professional and cyber liability, as well as property and casualty insurance. Socius has key hubs in San Francisco, Miami and Tampa.
Commenting on the proposed mandate, Tim Turner, president of Ryan Specialty and CEO,, says: “We have known [Socius] for many years and admire their professional approach to the business, technical acumen and phenomenal execution.”
He adds: “We look forward to embracing these talented individuals and providing even more opportunities to them as they become a part of the RT Specialty platform.”
