Ryan Specialty has signed a definitive agreement to acquire certain assets of Griffin Underwriting Services, a binding authority specialist and wholesale insurance broker headquartered in Bellevue, Washington. Griffin offers solutions across various specialty insurance lines, including earthquake and transportation. The acquisition is expected to close in January 2023. Tim Turner, president of Ryan Specialty, chairman and CEO of RT Specialty, says: “We are excited to embrace the exceptional professionals at Griffin into Ryan Specialty. “Griffin deepens our offerings in the Pacific Northwest, broadening our geographic scope and capabilities. Additionally, Griffin is a critical piece to our continual buildout of our national binding authority offering.” Jason Griffin and Van Griffin, co-presidents of Griffin Underwriting Services, adds: “At Griffin, we pride ourselves in developing top talent and offering a culture that empowers the individual. It is clear that Ryan Specialty is built on this same philosophy. “We are excited about the opportunities that this new phase will create for our employees, and we look forward to the future as a part of the Ryan Specialty family.”
