Ryan Specialty Group Completes Acquisition of Interstate Insurance Management, Inc.
February 2, 2017, CHICAGO, IL – RSG Underwriting Managers (“RSGUM”) is pleased to announce that the acquisition of the assets and operations of Interstate Insurance Management, Inc. was closed yesterday, February 1, 2017. This transaction was previously announced on January 26, 2017.
Interstate is a leading transportation managing general agent founded in 1970 and led by Jack Buchan for the last 26 years. Jack will continue leading the business through RSGUM’s new series, Interstate Insurance Management. In addition to transportation coverages, Interstate also underwrites specialty property and P&C binding facilities. Headquartered in Johnstown PA, Interstate serves the greater mid-Atlantic region and maintains underwriting authority with multiple top transportation and property markets.
Terms of the agreement were not released.
For more information, please contact:
Alice Phillips Topping
Chief Marketing and Communications Officer, Ryan Specialty Group
About Ryan Specialty Group
Founded in 2010, Ryan Specialty Group, LLC is an international holding company consisting of a wholesale broker, R-T Specialty, LLC, a series of underwriting managers, RSG Underwriting Managers, LLC, and an insurance service provider, Ryan Direct Group Limited, each servicing a client base of brokers, agents and insurance carriers. www.ryansg.com
About RSG Underwriting Managers
RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of RSG and consists of a series of specialty property and casualty managing general underwriters (MGU). Each MGU provides expertise in distinct challenging market niches. RSGUM provides centralized governance, shared services, and executive oversight to its specialty underwriting businesses. www.ryansg.com/rsgum