Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not disclosed.
Following the acquisition, BIS’ team will become part of R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group, and will enhance RT Specialty’s New England presence.
BIS was founded in 2001 and is a family-owned business led by founders Debbie Murphy and Peggy Giancola. Its specialty product includes property, casualty, professional liability and personal lines.
Source: Ryan Specialty Group LLC
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