Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J.
New Day was founded in 2005 and is a specialist in environmental liability and construction-related professional liability insurance.
RSG was founded in 2010 and is an international specialty insurance organization, which includes a wholesale brokerage firm and managing general underwriting companies designed for brokers, agents and insurers.
Following this acquisition, New Day has become part of R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of RSG, and creates the RT Specialty New Jersey office. This transaction was previously announced on February 21, 2018.
RT Specialty is a Delaware limited liability company based in Illinois and a subsidiary of RSG. It provides wholesale brokerage and other services to agents and brokers.
As New Day combines into RT Specialty, CEO and President Jeff Lejfer continues leading the New Day team along with former New Day President Jeff Slivka. Lejfer now serves as president of RT Specialty New Jersey, and Slivka serves as president of RT Specialty’s Environmental and Construction Professional Liability practice groups.
Source: Ryan Specialty Group LLC
Topics Mergers & Acquisitions Agencies Excess Surplus Underwriting New Jersey
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