Exhibit 21.1
Subsidiaries of Ryan Specialty Holdings, Inc.

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


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


Castel Construction Risk LimitedUnited Kingdom
Yachtpod Risks Partners LLPUnited Kingdom
Paradiso Risks LimitedUnited Kingdom
Maelor Jersey LimitedJersey
Innovisk Topco LimitedUnited Kingdom
Innovisk Midco LimitedUnited Kingdom
Innovisk Bidco1 LimitedUnited Kingdom
Innovisk Bidco2 LimitedUnited Kingdom
Innovisk Capital Partners, LLPUnited Kingdom
Innovisk (UK) LimitedUnited Kingdom
Innovisk London LimitedUnited Kingdom
Ryan Specialty Australia Pty LimitedAustralia
Ryan Specialty (DIFC) LimitedDubai
Ryan Specialty Europe GmbHGermany
Ryan Specialty Europe GmbH – UK BranchUnited Kingdom
Ryan Specialty Europe GmbH – Polish BranchPoland
Ryan Specialty Europe GmbH – Swedish BranchSweden
Ryan Specialty Europe GmbH – Irish BranchIreland
Ryan Specialty Europe GmbH – Dutch BranchNetherlands
Ryan Specialty Europe GmbH – Danish BranchDenmark
Ryan Specialty Europe GmbH – Spanish BranchSpain
Innovisk Europe (UK Branch)United Kingdom
Albus Management LLPUnited Kingdom
Ryan Specialty Corporate Services LimitedUnited Kingdom
Aqueous Management LimitedUnited Kingdom
PFLA LimitedUnited Kingdom
Vertus London LimitedUnited Kingdom
Themis Capital LLPUnited Kingdom
EXAA LimitedUnited Kingdom
Innovisk India Private LimitedIndia
Velocity Risk International LimitedUnited Kingdom