Ryan Specialty Group Announces Agreement to Acquire N-Surance Outlets
July 24, 2017, CHICAGO, IL – Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, GA. NSO will become part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group (RSG), and will enhance RT Specialty’s Atlanta office while remaining at the current Roswell location.
N-Surance Outlets specializes in commercial P&C, transportation, and garage risks and was founded in 1985 by Gregory K. Murrey. Over these 30+ years, NSO has consistently focused on these lines of business and currently services over 1,000 agents in the Southeast. Jason Murrey, President of NSO, and his team will continue to service and expand their client base.
RT Specialty Chairman and CEO, Timothy W. Turner, remarked, “NSO is an outstanding brokerage house and has built a strong offering, particularly in the Binding Authority space. Bringing NSO into RT expands our presence in the Southeast and further strengthens our product offerings and services. Under Jason’s leadership and with the team he’s developed, we’re thrilled to make such a dynamic addition to RT Specialty.”
Jason Murrey, President of N-Surance Outlets, remarked, “It is an honor and great opportunity to join RT Specialty at this stage of our business. My team and I are excited to be able to expand our solutions to our retail clients under the RT platform.”
Terms of the transaction were not disclosed.
For more information, please contact Alice Topping at: firstname.lastname@example.org, 312-635-5976
R-T Specialty, LLC (RT), a subsidiary of Ryan Specialty Group, LLC, provides wholesale brokerage and other services to agents and brokers. RT is a Delaware limited liability company based in Illinois. In California: R-T Specialty Insurance Services, LLC License #0G97516. ©2017 Ryan Specialty Group, LLC. www.rtspecialty.com