Ryan Specialty completed the acquisition of Innovisk from Abry Partners and BHMS.

Ryan Specialty, an international specialty insurance services firm, completed the acquisition of Innovisk, a diverse, non-correlated portfolio of seven highly regarded specialty MGUs, from Abry Partners, a Boston-based private equity firm, and BHMS, a Connecticut-based private equity firm. Financial terms were not disclosed. "We have tremendous respect for Innovisk. Their outstanding management team has demonstrated a differentiated value proposition to brokers, agents and carriers, and their underwriting talent is among the best in the industry. At Ryan Specialty, we see new product innovation and diversification as essential components of the value that we bring to our clients and trading partners. Innovisk clearly shares this view and has made the critical investments to be able to not only launch new products but bring those products to market quickly," Tim Turner, Ryan Specialty CEO.