Chicago-based Ryan Specialty Holdings Inc. said Aug. 2 it plans to keep the headquarters of US Assure Insurance Services of Florida Inc. in Jacksonville after agreeing to buy the firm in a deal worth up to $1.5 billion.
Ryan is an international specialty insurance intermediary firm. US Assure specializes in builder’s risk insurance.
Specialized builder’s risk insurance, also known as course of construction insurance, is a type of insurance that helps protect buildings under construction.