Ryan Specialty pursues sale of Ryan Direct

Ryan Specialty is closing in on a sale of its Ryan Direct
subsidiary, a UK insurance services and claims management business
it bought just over four years ago, The Insurance
Insider understands.
The decision to sell the business came after Ryan Specialty
chairman and CEO Pat Ryan decided the operation was non-core, it is
understood.
When the Chicago-based company bought legacy Direct Group in
November 2012, it was a long-standing commercial partner of Ryan
Specialty's Lloyd's arm Jubilee.
But R