• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Velocity Announces Strategic Sale of Velocity Specialty Insurance Company; Oaktree to Fully Exit

    5/5/25 9:00:00 AM ET
    $MKL
    $RYAN
    Property-Casualty Insurers
    Finance
    Specialty Insurers
    Finance
    Get the next $MKL alert in real time by email

    Nashville, TN, May 05, 2025 (GLOBE NEWSWIRE) -- Velocity HoldCo, LLC ("Velocity" or the "Company"), the former parent company for Velocity Specialty Insurance Company ("VSIC") and Velocity Risk Underwriters, LLC ("VRU"), announced the sale of VSIC to FM, a leading property mutual insurance company. This transaction follows the earlier sale of VRU to Ryan Specialty (NYSE:RYAN) which together represents a full exit of Oaktree Capital Management, L.P.'s ("Oaktree") interests in Velocity through a transformative three-way transaction.

    In partnership with Oaktree, Velocity has achieved significant milestones since 2022. Oaktree acquired VRU from Markel (NYSE:MKL) in a strategic carve-out with a vision of accelerating growth, enhancing operational capabilities, and driving innovation in products and technology. Since then, Velocity, in collaboration with Oaktree, transformed into a cutting-edge, hybrid managing general underwriter through the acquisition and capitalization of VSIC, Velocity's E&S insurance carrier. Under Oaktree's ownership the Company has expanded its underwriting footprint, diversified its capacity relationships, maintained exceptional client service, and delivered market-leading underwriting results. These achievements have positioned VRU and VSIC as leaders in the property insurance market.

    Greg Share, Oaktree Managing Director, commented, "It has been a pleasure collaborating with Phil, Jake, and the rest of the Velocity team, and we are confident in their continued success. Under our ownership, Velocity has achieved remarkable growth, and this transaction with Ryan Specialty and FM firmly positions it as the leading E&S property insurance franchise. We appreciate the partnership from the teams at Ryan Specialty and FM and their dedication and expertise in navigating this complex transaction."

    Jake Rothfuss, CEO of VRU, said, "Oaktree's partnership and guidance over the years has been invaluable and we are grateful to the Oaktree team for investing in our success. We look forward to continuing to deliver on VRU's underwriting and operational excellence as well as expanding our operations with the support of Ryan Specialty." 

    Phil Bowie, Chairman of VRU and CEO of VSIC, stated, "We have appreciated Oaktree's confidence in and support of Velocity throughout our partnership, which has been instrumental to our growth. We are thrilled to continue building on VSIC's momentum with FM. This partnership will strengthen our underwriting capabilities and provide the resources needed to expand our capacity."

    "Velocity is the latest in a series of successful insurance investments for Oaktree," commented Patrick C. George, Oaktree Senior Vice President. "Our work with the Velocity team highlighted Oaktree's ability to drive transformational value creation in a corporate carve-out, and we look forward to continuing to invest in the industry and bringing our experience and network to our partners."

    Insurance Advisory Partners LLC and Howden Capital Markets & Advisory acted as financial advisors to Oaktree and Velocity; JP Morgan Securities LLC served as financial advisor to Ryan Specialty. Debevoise & Plimpton LLP served as legal counsel to Velocity and Oaktree; Sidley Austin LLP served as legal counsel to Ryan Specialty; and Willkie Farr & Gallagher LLP served as legal counsel to FM.

    About Velocity 

    Velocity is the former holding company for VRU, a tech-enabled 50 state E&S specialty property insurance managing general agent, VSIC, an AM Best rated E&S insurance carrier licensed in all 50 states, and Velocity Claims LLC, a leading claims management service. Velocity adopted a strategic ownership structure managed by Oaktree as its majority shareholder, and with Markel Corporation and the Velocity Management Group as minority shareholders.

    About Oaktree

    Oaktree is a leader among global investment managers specializing in alternative investments, with $202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/.

    Source: Velocity HoldCo, LLC



    Mandi Abate Little
    Velocity Risk Underwriters LLC
    3129196353
    [email protected]
    
    Get the next $MKL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MKL
    $RYAN

    CompanyDatePrice TargetRatingAnalyst
    Ryan Specialty Holdings Inc.
    $RYAN
    4/10/2025$89.00Buy
    TD Cowen
    Ryan Specialty Holdings Inc.
    $RYAN
    12/5/2024$90.00Overweight
    Morgan Stanley
    Markel Group Inc.
    $MKL
    12/2/2024$1986.00 → $1836.00Buy → Hold
    TD Cowen
    Ryan Specialty Holdings Inc.
    $RYAN
    9/24/2024$65.00 → $75.00Market Perform → Outperform
    BMO Capital Markets
    Ryan Specialty Holdings Inc.
    $RYAN
    9/5/2024$76.00Overweight
    Barclays
    Ryan Specialty Holdings Inc.
    $RYAN
    7/11/2024$58.00 → $60.00Overweight → Equal Weight
    Wells Fargo
    Markel Group Inc.
    $MKL
    7/9/2024$1986.00Buy
    TD Cowen
    Ryan Specialty Holdings Inc.
    $RYAN
    5/22/2024$67.00Buy
    BofA Securities
    More analyst ratings

    $MKL
    $RYAN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP & CHRO Conklin Michael bought 7,637 units of Class A Common Stock and covered exercise/tax liability with 2,902 units of Class A Common Stock (SEC Form 4)

      4 - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Issuer)

      4/2/25 6:56:35 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • Director Ryan Patrick G Jr bought $5,212 worth of shares (75 units at $69.50), increasing direct ownership by 0.03% to 253,733 units (SEC Form 4)

      4 - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Issuer)

      3/12/25 4:37:34 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • Chief Executive Officer Gayner Thomas Sinnickson bought $200,801 worth of shares (100 units at $2,008.01), increasing direct ownership by 0.20% to 48,945 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      2/7/25 4:35:19 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    $RYAN
    Leadership Updates

    Live Leadership Updates

    See more
    • Markel Insurance announces new divisional structure and leadership appointments to drive simplification and growth

      Markel's US and Bermuda operations to split into two divisions: US Wholesale and Specialty and Programs and SolutionsWendy Houser appointed President, US Wholesale and SpecialtyAlex Martin appointed President, Programs and SolutionsAndrew McMellin appointed President, International Glenn Harris appointed Chief Commercial OfficerHenry Gardener appointed Chief Risk OfficerRICHMOND, Va., April 22, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced a new divisional structure for its US and Bermuda operations and new leadership appointments. The changes, effective today, follow the appointment of Simon Wilson as Chief Executive Off

      4/22/25 9:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance

      RICHMOND, Va., March 17, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today that Simon Wilson, currently President of Markel International, has been appointed Chief Executive Officer of the company's three primary underwriting businesses—Markel Specialty, Markel International, and Markel Global Reinsurance—which will collectively be referred to as Markel Insurance. This leadership transition is part of a broader effort to sharpen the company's customer focus by empowering each of their teams to serve the distinct needs of their respective markets—an approach that propelled Markel's growth from a small U.S. insurer when it went public in 1986 to a global specialty insurance lea

      3/17/25 8:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors

      RICHMOND, Va., March 17, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today that Anthony F. (Tony) Markel, Vice Chairman of the Board, informed the company that he will not stand for re-election at the company's annual meeting of shareholders in May. Mr. Markel will retire as a director of the company at the end of the meeting, at which time he will assume the honorary position of Chairman Emeritus of the Board.  Markel Group also announced the appointment of Jon Michael to its Board of Directors, effective March 15, 2025. Mr. Michael is a proven specialty insur

      3/17/25 8:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    $RYAN
    SEC Filings

    See more
    • Amendment: SEC Form SCHEDULE 13G/A filed by Ryan Specialty Holdings Inc.

      SCHEDULE 13G/A - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Subject)

      5/8/25 8:03:22 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • Markel Group Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - MARKEL GROUP INC. (0001096343) (Filer)

      5/5/25 8:00:28 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • SEC Form 13F-HR filed by Markel Group Inc.

      13F-HR - MARKEL GROUP INC. (0001096343) (Filer)

      5/2/25 4:38:48 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    $RYAN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Ryan Specialty Holdings Inc.

      SC 13G/A - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Subject)

      11/13/24 4:05:17 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • SEC Form SC 13G filed by Ryan Specialty Holdings Inc.

      SC 13G - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Subject)

      11/13/24 2:59:53 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • SEC Form SC 13D/A filed by Ryan Specialty Holdings Inc. (Amendment)

      SC 13D/A - RYAN SPECIALTY HOLDINGS, INC. (0001849253) (Subject)

      3/14/24 5:00:31 PM ET
      $RYAN
      Specialty Insurers
      Finance

    $MKL
    $RYAN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CAO and Controller Grandis Meade P. sold $750,976 worth of shares (400 units at $1,877.44) (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      5/7/25 4:32:14 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • CEO, Markel Insurance Wilson Simon acquired $644 worth of shares (0 units at $1,602.95), increasing direct ownership by 0.02% to 1,844 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      4/17/25 4:56:16 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Director Michael Jonathan E acquired $18,333 worth of shares (11 units at $1,602.95), increasing direct ownership by 76% to 26 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      4/17/25 4:55:19 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    $RYAN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Markel Group announces redemption of Series A Preferred Shares

      RICHMOND, Va., May 7, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) will redeem for cash all of its outstanding Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares, no par value (the Series A Preferred Shares), effective June 1, 2025 (the Redemption Date) at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series A Preferred Shares. Since the Redemption Date is not a business day, the redemption will be processed on June 2, 2025. There are currently 600,000 Series A Preferred Shares outstanding with an aggregate liquidation preference of $600.0 million.

      5/7/25 4:30:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel launches Clinical Trials products to support clinical trials research, globally

      LONDON, May 7, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its Clinical Trials insurance product – underscoring its commitment to providing best-in-class solutions to support clinical trials research and product development on an international scale. The new clinical trials offering provides comprehensive cover to sponsors, researchers and participants throughout all phases of clinical research and is tailored to meet the regulatory requirements of more than 100 territories, ensuring smooth

      5/7/25 5:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Velocity Announces Strategic Sale of Velocity Specialty Insurance Company; Oaktree to Fully Exit

      Nashville, TN, May 05, 2025 (GLOBE NEWSWIRE) -- Velocity HoldCo, LLC ("Velocity" or the "Company"), the former parent company for Velocity Specialty Insurance Company ("VSIC") and Velocity Risk Underwriters, LLC ("VRU"), announced the sale of VSIC to FM, a leading property mutual insurance company. This transaction follows the earlier sale of VRU to Ryan Specialty (NYSE:RYAN) which together represents a full exit of Oaktree Capital Management, L.P.'s ("Oaktree") interests in Velocity through a transformative three-way transaction. In partnership with Oaktree, Velocity has achieved significant milestones since 2022. Oaktree acquired VRU from Markel (NYSE:MKL) in a strategic carve-out with

      5/5/25 9:00:00 AM ET
      $MKL
      $RYAN
      Property-Casualty Insurers
      Finance
      Specialty Insurers

    $MKL
    $RYAN
    Financials

    Live finance-specific insights

    See more
    • Markel Group announces redemption of Series A Preferred Shares

      RICHMOND, Va., May 7, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) will redeem for cash all of its outstanding Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares, no par value (the Series A Preferred Shares), effective June 1, 2025 (the Redemption Date) at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series A Preferred Shares. Since the Redemption Date is not a business day, the redemption will be processed on June 2, 2025. There are currently 600,000 Series A Preferred Shares outstanding with an aggregate liquidation preference of $600.0 million.

      5/7/25 4:30:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Ryan Specialty Completes Acquisition of USQRisk Holdings

      Ryan Specialty (NYSE:RYAN) ("Ryan Specialty"), a leading international specialty insurance firm, is pleased to announce that today it has completed the acquisition of certain assets of USQRisk Holdings, LLC ("USQ"). Formed in 2020 by an experienced management team operating in New York and London, USQ underwrites non-traditional insurance risks. USQ's operations will become a part of the alternative risk business within Ryan Specialty. The acquisition was previously announced on April 21, 2025 and that announcement can be found here. About Ryan Specialty Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Th

      5/1/25 4:15:00 PM ET
      $RYAN
      Specialty Insurers
      Finance
    • Markel Group reports 2025 first quarter results

      RICHMOND, Va., April 30, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the first quarter of 2025. The Company also announced today it filed its Form 10-Q for the quarter ended March 31, 2025 with the Securities and Exchange Commission. "The first quarter was a productive one at Markel Group. Our cornerstone insurance business moved along its path to better. We experienced a lower than initially anticipated impact from the California wildfires. Excluding that impact, our combined ratio returned to the low nineties. We also elevated S

      4/30/25 4:38:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    $RYAN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TD Cowen initiated coverage on Ryan Specialty Group with a new price target

      TD Cowen initiated coverage of Ryan Specialty Group with a rating of Buy and set a new price target of $89.00

      4/10/25 8:21:36 AM ET
      $RYAN
      Specialty Insurers
      Finance
    • Morgan Stanley initiated coverage on Ryan Specialty Group with a new price target

      Morgan Stanley initiated coverage of Ryan Specialty Group with a rating of Overweight and set a new price target of $90.00

      12/5/24 8:18:38 AM ET
      $RYAN
      Specialty Insurers
      Finance
    • Markel Group downgraded by TD Cowen with a new price target

      TD Cowen downgraded Markel Group from Buy to Hold and set a new price target of $1,836.00 from $1,986.00 previously

      12/2/24 6:59:01 AM ET
      $MKL
      Property-Casualty Insurers
      Finance