RSG Announces Agreement to Acquire Oxford Insurance Services LLC
October 23, 2017, CHICAGO, IL – Ryan Specialty Group, LLC, is pleased to announce that it has reached a definitive agreement to acquire Oxford Insurance Services LLC (Oxford), a wholesale insurance brokerage headquartered in Houston, Texas. Oxford 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 Houston office.
Oxford is one of the largest wholesalers in the region serving brokers across the United States and specializes in Energy, Construction, Environmental, and other complementary markets. As a leader in the wholesale marketplace, Oxford provides best in class service to its clients and markets and thrives on finding viable alternatives for difficult-to-place insurance risks. Oxford’s influence in the market and exceptional reputation as a team of dedicated specialists has resulted in over a $1 billion in premiums placed since its inception. In joining RT Specialty, Matt Galtney, President and CEO of Oxford, will become the President of RT Houston and will lead RT Specialty’s Energy Practice Group.
RT Specialty Chairman and CEO, Timothy W. Turner, remarked, “Oxford is an extraordinary boutique operation with deep expertise in the energy industry. Matt’s proven executive leadership and strong broking skills will have a significant impact on RT Specialty’s energy practice group and overall RT Houston business. We’re thrilled to have the Oxford team further strengthen our footprint in such a strategic market.”
Matt Galtney, President and Chief Executive Officer of Oxford, commented, “We look forward to continuing to grow and serve our clients under the RT Specialty banner. RT shares our commitment to a culture that builds strong business relationships through trust and a shared dedication to success. Our clients, insurance partners, and dedicated team are what makes our value proposition so compelling. We strongly believe in cultivating specialty knowledge and cementing industry partnerships to deliver the best solutions to meet our customer’s needs. We’re excited to join the RT Specialty team.”
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