Pat Ryan's firm goes shopping for builders insurance.

Ryan Specialty, Patrick Ryan's wholesale brokerage insurance firm, has acquired US Assure, a Florida-based company specializing in builder's risk insurance. The acquisition is expected to close in the third quarter and will enhance Ryan Specialty's offerings for builders. Ryan Specialty has been using acquisitions as a key part of its strategy to become the nation's second-largest wholesale insurance brokerage. The company's recent acquisition was Castel Underwriting Agencies. Ryan Specialty also reported an 18.8% increase in revenue for the second quarter of the year. [Extracted from the article]