What is Global Special Risks?
Global Special Risks operates as a premier Managing General Underwriter, delivering specialized insurance solutions tailored for the Upstream Energy sector. The firm partners with a network of brokers, agents, and insurance carriers to offer a comprehensive suite of products, including Offshore Energy Equipment (OEE), Control of Well, Casualty, and Property insurance. By concentrating on the unique risk profiles within the energy industry, Global Special Risks provides innovative insurance products designed to mitigate specialty risks. The company functions under the umbrella of RSG Specialty, LLC, a subsidiary of Ryan Specialty, LLC, further solidifying its market presence and capabilities.
How much funding has Global Special Risks raised?
Global Special Risks has raised a total of $114.3M across 1 funding round:
Private Equity
$114.3M
Private Equity (2014): $114.3M, investors not publicly disclosed
What's next for Global Special Risks?
The substantial enterprise-level funding, including the recent major strategic investment, positions Global Special Risks for continued expansion and enhanced service offerings within the Upstream Energy market. This capital infusion is expected to fuel strategic initiatives, potentially involving technological advancements in underwriting, broader market penetration, or the development of new specialized insurance products. The company's affiliation with Ryan Specialty provides a robust platform for growth, enabling it to leverage extensive resources and expertise to further solidify its leadership in managing complex specialty risks for energy sector clients.
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