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
Clach Casualty Underwriting Managers, a series of RSG Underwriting Managers, LLC | United States, Delaware
Celerity Risk Solutions, a series of RSG Underwriting Managers, LLC | United States, Delaware
Emerald Underwriting Managers, a series of RSG Underwriting Managers, LLC | United States, Delaware
Greenhill Underwriting Managers, a series of RSG Underwriting Managers, LLC | United States, Delaware
Ryan Financial Lines, a series of RSG Underwriting Managers, LLC | United States, Delaware
Life Science Risk, a series of RSG Underwriting Managers, LLC | United States, Delaware
Power Energy Risk (PERse), 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
Ryan Transactional Risk, a series of RSG Underwriting Managers, LLC | United States, Delaware
Ryan Specialty Public Entity, a series of RSG Underwriting Managers, LLC | United States, Delaware
Sapphire Blue, a series of RSG Underwriting Managers, LLC | United States, Delaware
Technical Risk Underwriters, a series of RSG Underwriting Managers, LLC | United States, Delaware
USQRisk, a series of RSG Underwriting Managers, LLC | United States, Delaware
Verdant Underwriting Managers, a series of RSG Underwriting Managers, LLC | United States, Delaware
WKFC Underwriting Managers, a series of RSG Underwriting Managers, LLC | United States, Delaware
RSG Group Program Administrator, LLC | United States, Delaware
RSG Specialty, 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
Ryan Alternative Risk, a series of RSG Specialty, LLC | United States, Delaware
Ryan Alternative Capital Advisors, a series of RSG Specialty, LLC | United States, Delaware
SuiteLife Underwriting Managers, a series of RSG Specialty, LLC | United States, Delaware
Trident Marine Managers, a series of RSG Specialty, LLC | United States, Delaware
Ryan Specialty Benefits, a series of RSG Specialty, LLC | United States, Delaware
US Assure E&S, a series of RSG Specialty, LLC | United States, Delaware
Velocity Risk Underwriters, a series of RSG Specialty, LLC | United States Delaware
RSG Platform, LLC | United States, Delaware
Stetson Insurance Funding, LLC | United States, Delaware
Sunstone Assurance II, LLC | United States, Tennessee
Sunstone Assurance, LLC | United States, Delaware
Sunstone Holdings II, Inc. | United States, Tennessee
Sunstone Holdings, Inc. | United States, Delaware
Ryan Re Underwriting Managers, LLC | United States, Delaware

Ryan Alternative Risk TN Manager LLC | United States, Tennessee
AccuRisk Holdings LLC | United States, Delaware
Case Management Specialists, LLC | United States, Wisconsin
AccuRisk Ancillary Solutions LLC | United States, Delaware
Ryan Specialty Benefits Captive, LLC | United States, Vermont
AccuRisk Solutions LLC | United States, Delaware
AgCentric Insurance Services, LLC | United States, California
Matrix Group Benefits, LLC | United States, Maine
Matrix Risk Management Services, LLC | United States, Maine
U.S. Group & Pension | United States, Maine
US Assure, LLC | United States, Delaware
US Assure Insurance Services of Florida, LLC | United States, Delaware
International Facilities Insurance Services, Inc. | United States, California
KRP Managers, LLC | United States, Delaware
Concord Specialty Risk of Canada, LLC | United States, Delaware
Ryan Specialty Latin America, LLC | United States, Delaware
JEM Underwriting Managers, LLC | United States, Delaware
Smooth Waters, LLC | United States, Delaware
Innovisk Capital Partners, LLC | United States,
Inspire Bidco LLC | United States, Delaware
Freberg Environmental, LLC | United States, Delaware
Corral Insurance Services, LLC | United States,
Vindati, LLC | United States,
Celerity Professional Liability Insurance Services, LLC | United States
Carroll Technical Risks Agency LLC | United States,
Innovisk Services, LLC | United States,
Velocity Claims, LLC | United States, Delaware
Velocity Risk Underwriters, LLC | United States, Delaware
Ryan Specialty Holdings International Limited | United Kingdom
Ryan Specialty International Limited | United Kingdom
Hunter George & Partners Limited | United Kingdom
Ryan Specialty Service Centre Limited | United Kingdom
RSG Insurance Services of Canada Limited | Canada
Ryan Specialty Group Spain Agencia de Suscripcion SL | Spain
Keystone Risk Brokerage, LTD | Bermuda
Ryan Specialty Newco Holdings Limited | United Kingdom
Ryan Specialty (Singapore) Pte Limited | Singapore
Ryan Specialty Germany GmbH | Germany
Ryan Specialty Underwriting International Managers Limited | United Kingdom
Castel Risk Partners (No. 3) LLP | United Kingdom
Albus Energy Risks Limited | United Kingdom
Transact Risk Partners LLP | United Kingdom
Talus Insurance Brokers Limited | United Kingdom
Square Pegs Risk Limited | United Kingdom
Castel NAPL Limited | United Kingdom

Castel Construction Risk Limited | United Kingdom
Yachtpod Risks Partners LLP | United Kingdom
Paradiso Risks Limited | United Kingdom
Maelor Jersey Limited | Jersey
Innovisk Topco Limited | United Kingdom
Innovisk Midco Limited | United Kingdom
Innovisk Bidco1 Limited | United Kingdom
Innovisk Bidco2 Limited | United Kingdom
Innovisk Capital Partners, LLP | United Kingdom
Innovisk (UK) Limited | United Kingdom
Innovisk London Limited | United Kingdom
Ryan Specialty Australia Pty Limited | Australia
Ryan Specialty (DIFC) Limited | Dubai
Ryan Specialty Europe GmbH | Germany
Ryan Specialty Europe GmbH – UK Branch | United Kingdom
Ryan Specialty Europe GmbH – Polish Branch | Poland
Ryan Specialty Europe GmbH – Swedish Branch | Sweden
Ryan Specialty Europe GmbH – Irish Branch | Ireland
Ryan Specialty Europe GmbH – Dutch Branch | Netherlands
Ryan Specialty Europe GmbH – Danish Branch | Denmark
Ryan Specialty Europe GmbH – Spanish Branch | Spain
Innovisk Europe (UK Branch) | United Kingdom
Albus Management LLP | United Kingdom
Ryan Specialty Corporate Services Limited | United Kingdom
Aqueous Management Limited | United Kingdom
PFLA Limited | United Kingdom
Vertus London Limited | United Kingdom
Themis Capital LLP | United Kingdom
EXAA Limited | United Kingdom
Innovisk India Private Limited | India
Velocity Risk International Limited | United Kingdom