Published: Tue 26 Dec 2023

AM Best: Castel PA-2 unchanged by Ryan Specialty deal

AM Best has said that the performance assessment of PA-2 (Excellent) it assigned to Castel Underwriting Agencies Limited and its subsidiary Castel Underwriting Europe is unchanged following its announced acquisition by Ryan Specialty.

MGAs

Ryan Specialty

M&A

London Market

US / Americas

Published: Tue 26 Dec 2023

Ryan Specialty paid $250mn cash and $2.2mn stock for Castel

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Pat Ryan: Castel Underwriting MGU deal will help accelerate international expansion

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Ryan Specialty completes Castel UW Agencies acquisition

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AM Best: Castel PA-2 unchanged by Ryan Specialty deal

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