Bellevue-based Griffin Underwriting Services acquired by Ryan Specialty

Ryan Specialty, an American specialty insurance firm, has closed the previously announced acquisition of Griffin Underwriting Services.

The deal was announced last month and the financial terms haven’t been disclosed.

Based in Bellevue, Washington, Griffin Underwriting Services is a binding authority specialist and wholesale insurance broker.

Established in 1928, the company provides a range of solutions across multiple specialty insurance lines, including transportation and earthquake. For the 12 months ended 30 November 2022, Griffin Underwriting Services earned revenue of around $23 million.

Listed on the New York Stock Exchange (NYSE), Ryan Specialty caters to insurance brokers, carriers, and agents with specialty products and solutions.