Ryan Specialty has finalized its acquisition of certain EverSports & Entertainment Insurance assets from the Everest Group.
EverSports, a managing general underwriter based in Carmel, Indiana, specializes in sports, leisure, and entertainment (SLE) risks. Established in 2013, the MGU previously traded as Specialty Insurance Group prior to its rebranding in 2021.
The business has a strong presence in the SLE sector, providing coverage across a range of subcategories, including amusement facilities, amateur sports, and touring performers. The deal will involve an integration with Ryan Specialty’s Alive Risk.
“We’re very excited to welcome this team to the Ryan Specialty family,” said Miles Wuller (pictured), president and chief executive of Ryan Specialty Underwriting Managers (RSUM).
“David Nikolai and the members of the EverSports team are well-known and respected in the SLE sector, and we see a tremendous cultural fit with Alive Risk. We look forward to bringing these great brands and product capabilities together to further serve our trading partners.”
Nikolai, president of EverSports, added: “My teammates and I are looking forward to joining Ryan Specialty and Alive Risk. As a part of Ryan Specialty’s proven managed underwriting platform, we will be able to enhance our product set and amplify our growth.
“Our cultures and way of doing business align as both of our teams are dedicated to exceptional client service and profitable underwriting.”
Alive Risk managing director Patrick Gavin, meanwhile, cited their shared culture, attitude, and drive to be the best in class. “Our teams coming together as one will make the SLE future very bright at Ryan Specialty,” he declared.
Last month, Ryan Specialty completed a deal with Ascot Group to integrate Ethos Specialty Insurance property & casualty managing general underwriters into RSUM. The transaction did not include Ascot’s transactional liability MGU.
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