Ryan Specialty Group Announces Agreement to Acquire Irwin Siegel Agency, Inc.
January 24, CHICAGO, IL – Ryan Specialty Group, LLC, is pleased to announce that it has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency, Inc. (ISA). ISA is a leading human and social service managing general underwriter and is based in Rock Hill, New York. Specialties include Developmental Disability Organizations, Addiction Treatment and Behavioral / Mental Healthcare, Youth Programs, and more. ISA’s operations will become part of RSG Underwriting Managers (RSGUM), the managing general underwriting division of Ryan Specialty Group.
For nearly 60 years, ISA has been a family-owned business providing property and casualty insurance products and risk management solutions and has remained focused on one primary goal – improving the quality of life for society’s most vulnerable members: our developmentally disabled. In 1985, ISA developed the very first property and casualty insurance package specifically designed for non-profit organizations serving individuals with disabilities. The agency is led by Howard Siegel who has been with the agency for close to 40 years. Howard will continue as CEO going forward.
Pat Ryan, Chairman and CEO of RSG, commented, “We are delighted to have the Irwin Siegel Agency join the RSG family. The work that Howard and his team do is indeed impressive and truly an added value to our society. The values and goals of ISA align perfectly with ours, and we’re looking forward to working with and expanding the reach of this great team.”
Howard Siegel, CEO of Irwin Siegel Agency, remarked, “It is time for ISA to join forces with an industry leader that values our clientele and business as much as we do. We have found that partner in Ryan Specialty Group and Pat Ryan. We’re looking forward to growing our expertise and services with RSG. We couldn’t be more delighted.”
Terms of the agreement were not released. TigerRisk Capital Markets & Advisory served as financial advisor to Irwin Siegel Agency.
For more information, please contact:
Alice Phillips Topping
Chief Marketing and Communications Officer, Ryan Specialty Group
Ryan Specialty Group, LLC
Founded in 2010, Ryan Specialty Group, LLC is an international specialty insurance organization which includes a wholesale brokerage firm and highly-specialized managing general underwriting companies designed specifically for brokers, agents and insurers. www.ryansg.com
RSG Underwriting Managers, LLC
RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of Ryan Specialty Group and consists of a series of specialty property and casualty managing general underwriters (MGU). Each MGU provides expertise in distinct challenging market niches. RSGUM provides centralized governance, shared services and executive oversight to its specialty underwriting businesses. www.ryansg.com/rsgum