RSG Closes on Acquisition of International Specialty Insurance Services Inc.
May 2, 2019, CHICAGO, IL – Ryan Specialty Group, LLC, is pleased to announce that it has acquired the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina. ISI’s team is a part of RSG Underwriting Managers, LLC (RSGUM), the managing general underwriting unit of Ryan Specialty Group (RSG). This transaction was previously announced on February 12, 2019.
ISI offers high-value disability and other related insurance products to athletes, entertainers, physicians, and other high-earning professionals. ISI’s strength is its knowledge of the high-value disability market and the continual development of new products and programs solving for the evolving needs of their clients in this space. The business was privately owned and led by Matthew Ferraro, Joseph Ferraro, and Christopher Larcheveque, who are some of the leading underwriters in this unique market. All of these individuals, along with the whole team at ISI, remain with the business under the new RSG ownership.
Terms of the transaction were not disclosed.
Sherman & Company LLC acted as financial advisor to ISI.
For more information, please contact Matthew Ferraro, Managing Director of ISI at: Matthew@isinsurance.com, 336-835-1654
Ryan Specialty Group, LLC
Founded in 2010, Ryan Specialty Group, LLC is a leading international specialty insurance organization designed specifically for brokers, agents and insurers, which includes a wholesale brokerage firm, RT Specialty, and a managing general underwriting division, RSG Underwriting Managers, comprised of highly specialized managing general underwriting companies. 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 managing general underwriters (MGU). Each MGU provides expertise in distinct and challenging market niches. RSGUM provides centralized governance, shared services and executive oversight to its specialty underwriting businesses. rsgum.com