R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers’ compensation specialist International Facilities Insurance Services.
Chicago, Ill.-based R-T is the brokerage arm of Ryan Specialty Group LLC. Los Angeles, Calif.-based IFIS will become part of RT effective Jan. 1, 2013. Terms of the deal were not disclosed.
A privately-held wholesaler, IFIS’ workers’ compensation specialty is complemented by general commercial liability wholesale activities with expertise in oil and gas, and in trucking and transportation risks.
Ryan Specialty Group is a global holding company and a Lloyd’s insurer and other specialty services designed specifically for agents, brokers and insurers.
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