Ryan Specialty, an international specialty insurance firm, has completed the acquisition of certain assets of Geo Underwriting Europe BV (Geo Europe), a European managing general agent (MGA) and part of The Ardonagh Group.
This follows the initial announcement of the acquisition on September 3, 2024.
Based in Rotterdam, Netherlands, with operations in Germany, Geo Europe specialises in Financial Lines.
Geo Europe will become part of the Ryan Financial Lines (RFL) unit within the Ryan Specialty Underwriting Managers division, supporting RFL’s European expansion goals.
Walter Craft, Managing Director and Chief Underwriting Officer of Geo Europe, will be appointed Managing Director of Ryan Financial Lines – Benelux and DACH, and will also join the Ryan Financial Lines Executive Committee.