Ryan Specialty to acquire assets of USQRisk

Ryan Specialty is planning to acquire select assets of USQRisk , a New York- and London-based underwriter focused on non-traditional insurance risks. The deal adds about $11 million in operating revenue and will expand Ryan Specialty’s alternative risk division.

USQRisk, formed in 2020, operates across two divisions—Alternative Risk and Facilities—offering structured insurance solutions and custom products for complex and underserved markets. The company has existing ties with Ryan through AXSAL Re, which provides excess coverage for mid-sized trucking fleets.