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.
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