Ryan Specialty Group Announces Acquisition of Superior Payment Plan, LLC
December 17, 2018, CHICAGO, IL – Ryan Specialty Group, LLC (“RSG”) is pleased to announce that it has acquired the assets and operations of Superior Payment Plan, LLC (“Superior”), a premium finance company based in Depew, NY. Superior’s operations will become part of Stetson Insurance Funding, LLC (“Stetson”), a subsidiary of Ryan Specialty Group.
Commenting on the acquisition, Patrick G. Ryan, Founder, Chairman and CEO of Ryan Specialty Group, said, “Premium finance is a natural extension of the services that we offer our broker and agent clients. Superior has given their clients extraordinary service, and we’re excited to have them as a part of RSG working within Stetson Insurance Funding.”
Phillip A. Rapini, President of Stetson Insurance Funding, remarked, “We will continue to provide our clients with the highest level of customer service they have experienced as the entire Superior team is joining Stetson. Bringing the Superior operations to Stetson and RSG allows us to expand our offerings to our clients, and we’re thrilled with this opportunity.”
Terms of the agreement were not shared.
For more information, please contact Alice Topping at: firstname.lastname@example.org, 312-635-5976
Stetson Insurance Funding, LLC
Stetson Insurance Funding, LLC is a wholly owned subsidiary of RSG and a licensed premium finance company. Stetson is a Delaware limited liability company and provides a 50 state financing solution for commercial insurance risks through its relationships with third party capital providers.