Feb. 12 at 8:25 PM
Bank of America highlights Ryan Specialty’s focus on hard-to-place risks in wholesale markets that require significant human expertise, a positioning that appears to shield the company from AI disruption primarily affecting lower-complexity policies.
The firm suggests AI could ultimately benefit Ryan by further separating simple risks from complex ones, potentially expanding its addressable market even if the overall commission pool shrinks. Ryan’s technology solutions and underwriting capabilities provide additional protection.
In recent developments, Ryan Specialty completed its acquisition of Canadian insurer Stewart Specialty Risk Underwriting Ltd. (SSRU). The company also gained new analyst coverage, with Mizuho and Jefferies initiating at Neutral and Hold, respectively, while TD Cowen reiterated its Buy rating.
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