Chicago-based Ryan Specialty Group LLC has acquired the assets and operations of Myron F. Steves & Co. (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices in Austin, Dallas and San Antonio.
The Myron Steves team has become part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group, and expands the company’s presence in Texas, both in strengthening RT’s presence in Dallas and Houston and in establishing offices in Austin and San Antonio. This transaction was previously announced on Feb. 14, 2019.
Founded in 1955, Myron Steves has a long and rich history of serving independent insurance agents in Texas and the Southwest. Specialties include commercial property and casualty, professional liability, healthcare, transportation, and personal lines. In addition to its numerous binding authority contracts, Myron Steves is known for its advanced technology, service to retail clients, and ease of doing business.
Terms of the transaction were not disclosed.
Related:
Topics Mergers & Acquisitions Texas
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