RPC advises the Castel management sellers on the sale to Ryan Speciality

International law firm RPC advised the management sellers of Castel Underwriting Agencies Limited (Castel) on the sale to Ryan Speciality which closed on May 1.

The deal was announced December 21, 2023.

Ryan Specialty is listed on the New York Stock Exchange and is a leading international specialty insurance firm. The addition of Castel, a Managing General Underwriting (MGU) platform, allows Ryan to expand its offering to clients and trading partners.

The RPC deal team was led by Head of Commercial Insurance and Private Equity James Mee, working with Partner David Wallis, Senior Counsel Charles Suchett-Kaye, and Senior Associate Ben Magahy.

Chairman and CEO of Ryan Specialty Underwriting Managers International (former CEO of Castel), Mark Birrell commented: "We could not be more excited to be joining forces with Ryan Specialty. This was a hugely important deal for Castel, our respective clients and underwriting teams. We have known James and the RPC team for a long time and naturally sought to involve them to advise the management sellers of Castel through the transaction."

James Mee noted: "It is always a pleasure to work with Mark, Roland and the rest of the Castel management sellers. We are truly delighted to have supported them on this transaction and look forward to seeing the business continue to grow."