RT Specialty to Acquire Hartan Brokerage
March 23, 2016, CHICAGO, IL – R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group, LLC, has announced it has reached agreement to acquire substantially all of the assets of Hartan Brokerage, a wholesale insurance brokerage operation based in New York, NY.
Established in 1986, Hartan Brokerage has established itself as a premium wholesale broker and Managing Underwriting Agent and has been assisting the agency and broker retail community with carrier solutions and proprietary products since its inception. Hartan is a nimble, service-oriented organization with regional focus that maximizes national leverage for their clients.
RT Specialty Chairman and CEO, Timothy W. Turner said, “Ed has built a superior wholesale brokerage operation and MGA that will enhance our presence in New York. We are thrilled to have Ed and his dynamic team join us at RT Specialty.”
Ed Pray, President of Hartan Brokerage, remarked, “We could not be happier and more excited to be part of RT Specialty. I believe our combined team in New York has no equal. As President of RT NY, I look forward to expanding our capabilities by attracting new talent and offering our retail clients the best products and service available in the marketplace. In keeping with the tradition that Hartan has established combined with the strength and scope of RT Specialty, we will continue to provide creative solutions for our retail clients. In short, it is a perfect fit, and we look forward to being part of the RT family.”
Terms of the transaction were not disclosed.
For more information on this release, please contact Tara Shertenlieb: 816-412-7564, Tara.Shertenlieb@rtspecialty.com.
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. ©2016 Ryan Specialty Group, LLC.