Ryan Specialty Group LLC (RSG) and ARC Excess & Surplus LLC (ARC) have entered into a definitive agreement in which RSG will acquire certain assets of ARC Specialty Brokerage LLC, the P&C Division of ARC, a wholesale insurance brokerage based in Jericho, N.Y. Terms of the transaction were not disclosed.
Following the transaction, RC Specialty’s current professionals will join R-T Specialty LLC, the wholesale brokerage unit of RSG, in RT Specialty’s Long Island office in Melville, N.Y.
Joining RT Specialty will be Mike Vollaro, a wholesale brokerage professional and specialist in New York construction, along with the other current producers of ARC Specialty and their respective assistants.
ARC Specialty will continue to operate in the wholesale space along with its MGU, Professionals Risk Facilities Inc.
Source: Ryan Specialty Group
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