Ryan Specialty Agrees to Acquire Griffin Underwriting in Washington

Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington.

The acquisition is expected to close in January 2023.

Griffin Underwriting is a binding authority specialist and wholesale insurance broker.

Griffin offers services across various specialty insurance lines, including earthquake and transportation. Griffin generated a reported $23 million of revenue for the 12 months ended November 30, 2022.

Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers.