Latest news with #JMWilson
Yahoo
4 days ago
- Business
- Yahoo
Ryan Specialty to buy Michigan-based insurer JM Wilson
Global specialist insurer Ryan Specialty has agreed to acquire the business of JM Wilson, a Michigan, US-based insurance company. The deal, the financial details of which were not made public, is expected to conclude in the third quarter of 2025 (Q3 2025). It will result in JM Wilson's operations becoming part of Ryan Specialty's RT Binding Authority specialty division. Set up in 1920, JM Wilson has six offices across the US. The company offers an array of insurance services including personal lines and surety, with a focus on transportation. In the 12-month period ending 31 January 2025, JM Wilson reported operating revenue of around $19m. Philo Smith was the exclusive financial advisor to JM Wilson for this deal. RT Specialty CEO Ed McCormack said: 'JM Wilson is very well respected in the industry, with its strong underwriting track record and client-focused approach. We are delighted to be able to add such high-quality talent to our organisation. This team fills a critical need for RT Specialty, giving us a more robust Midwest binding authority presence and strengthening our transportation practice.' JM Wilson president David Wilson stated: 'We are thrilled to join RT Specialty and are very familiar with the team. For the past 100 years, we have prided ourselves in developing top talent and competing on expertise. Culturally, we know that Ryan Specialty shares our values. We look forward to the future as a part of the Ryan Specialty family.' The acquisition follows Ryan Specialty's purchase of 360° Underwriting, an Irish managing general underwriter specialising in commercial construction insurance. 360° Underwriting was integrated into Ryan Specialty's Underwriting Managers division. "Ryan Specialty to buy Michigan-based insurer JM Wilson " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Ryan Specialty Reaches Agreement to Acquire J.M. Wilson
Ryan Specialty Holdings, Inc. (NYSE:RYAN) announced that it has entered into a definitive agreement to acquire J.M. Wilson Corporation. Headquartered in Michigan, JM Wilson will be integrated into RT Binding Authority, Ryan Specialty's division focused on binding authority solutions. JM Wilson, established in 1920, operates out of six offices across the US and offers a wide range of insurance products, from personal lines to surety. The firm is especially recognized for its strong expertise in transportation insurance, a complex segment where it has built a reputation for underwriting profitability and maintaining long-term partnerships with top-tier carriers. Commenting on this acquisition, Ed McCormack, CEO of RT Specialty, made the following comment: 'JM Wilson is very well respected in the industry, with its strong underwriting track record and client-focused approach. We are delighted to be able to add such high-quality talent to our organization. This team fills a critical need for RT Specialty, giving us a more robust Midwest binding authority presence and strengthening our transportation practice.' Ryan Specialty Holdings, Inc. (NYSE:RYAN) offers specialized products and services to insurance brokers, agents, and carriers. The company operates as both a wholesale broker and a managing underwriter with delegated authority, delivering solutions that include distribution, underwriting, product development, administration, and risk management. While we acknowledge the potential of RYAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Ryan Specialty Reaches Agreement to Acquire J.M. Wilson
Ryan Specialty Holdings, Inc. (NYSE:RYAN) announced that it has entered into a definitive agreement to acquire J.M. Wilson Corporation. Headquartered in Michigan, JM Wilson will be integrated into RT Binding Authority, Ryan Specialty's division focused on binding authority solutions. JM Wilson, established in 1920, operates out of six offices across the US and offers a wide range of insurance products, from personal lines to surety. The firm is especially recognized for its strong expertise in transportation insurance, a complex segment where it has built a reputation for underwriting profitability and maintaining long-term partnerships with top-tier carriers. Commenting on this acquisition, Ed McCormack, CEO of RT Specialty, made the following comment: 'JM Wilson is very well respected in the industry, with its strong underwriting track record and client-focused approach. We are delighted to be able to add such high-quality talent to our organization. This team fills a critical need for RT Specialty, giving us a more robust Midwest binding authority presence and strengthening our transportation practice.' Ryan Specialty Holdings, Inc. (NYSE:RYAN) offers specialized products and services to insurance brokers, agents, and carriers. The company operates as both a wholesale broker and a managing underwriter with delegated authority, delivering solutions that include distribution, underwriting, product development, administration, and risk management. While we acknowledge the potential of RYAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
