Exhibit 21.1

Subsidiaries of Ryan Specialty Holdings, Inc.

Entity Name

Country of Incorporation / Organization

New Ryan Specialty, LLC

United States, Delaware

Ryan Specialty, LLC

United States, Delaware

Ryan Services Group, LLC

United States, Delaware

RSG Underwriting Managers, LLC

United States, Delaware

WKFC Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

EmergIn Risk, a series of RSG Underwriting Managers, LLC

United States, Delaware

Technical Risk Underwriters, a series of RSG Underwriting Managers, LLC

United States, Delaware

Life Science Risk, a series of RSG Underwriting Managers, LLC

United States, Delaware

Sapphire Blue, a series of RSG Underwriting Managers, LLC

United States, Delaware

Power Energy Risk , a series of RSG Underwriting Managers, LLC

United States, Delaware

Concord Specialty Risk, a series of RSG Underwriting Managers, LLC

United States, Delaware

RSG Group Program Administrator, LLC

United States, Delaware

RSG Specialty, LLC

United States, Delaware

International Facilities Insurance Services, Inc.

United States, California

SafeWaters Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

CorRisk Solutions, a series of RSG Underwriting Managers, LLC

United States, Delaware

Concord Specialty Risk of Canada, LLC

United States, Delaware

Capital Bay Underwriting, LLC

United States, Delaware

Smooth Waters, LLC

United States, Delaware

RSG Platform, LLC

United States, Delaware

Stetson Insurance Funding, LLC

United States, Delaware

SUITELIFE Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

Trident Marine Managers, a Series of RSG Specialty, LLC

United States, Delaware

Ryan Alternative Risk, a Series of RSG Specialty, LLC

United States, Delaware

SUITELIFE Underwriting Managers, a series of RSG Specialty, LLC

United States, Delaware

Ryan Re Underwriting Managers, LLC

United States, Delaware

StartPoint Executive Risks US, a series of RSG Underwriting Managers, LLC

United States, Delaware

Ryan Specialty Transactional Risks US, a series of RSG Underwriting Managers, LLC

United States, Delaware

Ryan Specialty Transportation Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

Verdant Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

JEM Underwriting Managers, LLC

United States, Delaware

Global Special Risks, a series of RSG Specialty, LLC

United States, Delaware

Irwin Siegel Agency, a series of RSG Specialty, LLC

United States, Delaware

Emerald Underwriting Managers, a series of RSG Underwriting Managers, LLC

United States, Delaware

KRP Managers, LLC

United States, Delaware

Ryan Specialty Holdings International Limited

United Kingdom

Jubilee Group Holdings Limited

United Kingdom

Ryan Specialty Nordics AB

Sweden

Ryan Specialty Denmark A/S

Denmark

Hunter George & Partners Limited

United Kingdom

Ryan Specialty International Limited

United Kingdom

Ryan Specialty Services Centre Limited

United Kingdom

RSG Construction and Specialty AB

Sweden

RSG Insurance Services of Canada Limited

Canada

Ryan Specialty Group Spain Agencia de Suscripcion, SL

Spain

Keystone Risk Brokerage, LTD

Bermuda

Ryan Specialty Nordics AB, UK Branch

United Kingdom

Ryan Specialty Nordics AB, Spanish Branch

Spain