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Highlights

  • Ryan Specialty has acquired 360° Underwriting, expanding its presence into the Irish construction insurance market.
  • 360° specializes in latent defect and owner-controlled insurance programs with a focus on bespoke risk modeling.
  • The company will join Ryan Specialty Underwriting Managers, maintaining leadership and continuing operations under the new structure.

 Ryan Specialty (NYSE: RYAN) has announced the acquisition of 360° Underwriting, an Irish managing general underwriter focused on commercial construction insurance. Based in Dublin and Galway, 360° Underwriting will join the Ryan Specialty Underwriting Managers division, expanding the firm’s reach into the Irish market.

Founded in 2017, 360° Underwriting has built a business centered around the needs of the Irish construction sector. The company specializes in latent defect insurance and owner-controlled insurance programs both key offerings in the construction space. According to Ryan Specialty, 360 has developed proprietary risk modelling systems designed to improve consistency and manage exposure across its underwriting portfolio. This has allowed the company to secure capital support in its core insurance categories.

The acquisition marks Ryan Specialty’s first direct underwriting presence in Ireland. Mark Birrell, Executive Chairman of Ryan Specialty Underwriting Managers International, described the move as a strategic expansion aligned with the firm’s broader construction-related insurance activities across Europe. He also highlighted the compatibility between the two businesses in terms of underwriting expertise and cultural alignment.

Paul Sherry and Tommy Byrne, Managing Directors at 360° Underwriting, said they view the acquisition as a step forward in enhancing their product offering and operational capacity. They cited Ryan Specialty’s resources and infrastructure as key advantages that will help scale their business while maintaining service continuity for existing broker partners.

Since its founding, 360 has focused on niche construction risk segments, carving out a space within the broader Irish market by combining industry expertise with data-driven underwriting models. The company has gained recognition for its targeted approach and has served as a partner for brokers seeking specialized construction coverage.

Ryan Specialty’s acquisition adds another regional layer to its underwriting platform and reflects continued interest from international insurers in localized expertise within the construction sector. As construction activity in Ireland continues to grow, particularly in residential and infrastructure development, demand for tailored insurance products has followed suit.