Ryan Specialty completes purchase of USQ assets
Ryan Specialty has announced that it has completed the acquisition of certain assets of USQ Risk Holdings.
Formed in 2020 by an experienced management team operating in New York and London, USQ underwrites non-traditional insurance risks.
USQ has two core business divisions: alternative risk and facilities. Their alternative risk specialty underwrites, structures, prices and places specialty insurance for corporate clients seeking bespoke, multi-year risk solutions. Their facilities specialty creates new products for unique risks in highly dislocated markets. USQ is supported by several highly rated insurance carriers.
USQ’s operations will now become a part of the alternative risk business within Ryan Specialty. The acquisition was previously announced on April 21, 2025.
When the acquisition was first announced Kieran Dempsey, chief of Ryan Alternative Risk, commented, “USQ adds tremendous breadth and depth to our growing alternative risk business. USQ is known for their innovation across a wide variety of structured solutions, including liability, property, and auto. USQ’s expansion into facilities has given Ryan Specialty the chance to work directly with USQ though our AXSAL Re partnership, which provides excess coverage for mid-sized trucking fleets. We believe USQ to be among the highest-quality alternative risk specialists in the industry and are very much looking forward to the team joining our firm.”
Anibal Moreno, chief executive of USQ, added: “We chose Ryan Specialty because we consider them to be the leader in alternative risk. As part of Ryan Specialty, we will have access to preferred trading status with the world’s largest brokers, broad-based capital support from the industry’s top insurance markets, a world-class suite of technology and back-office support, and an entrepreneurial culture that rewards innovation. We believe that our team will be able to amplify its breadth and depth at Ryan Specialty.”
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