Ryan Specialty Group (RSG) News

Ryan Specialty Group to Acquire Wholesaler Atlantic Specialty Lines

Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL …

Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re

Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related investors holding the remaining 50 percent. Reinsurance industry …

Ryan Specialty Finalizes Acquisition of International Specialty Insurance of North Carolina

Ryan Specialty Group, LLC, has acquired the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina. ISI’s team is a part of RSG Underwriting Managers, LLC (RSGUM), …

Ryan Specialty Group Closes Acquisition of Oklahoma’s Westphalen Insurance

Chicago-based Ryan Specialty Group LLC has acquired the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage with offices in Edmond, Oklahoma. The Westphalen team is now a part of R-T Specialty LLC (RT …

Ryan Specialty Group’s Acquisition of Myron F. Steves Complete

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 …

Ryan Specialty to Acquire International Specialty Insurance Services of North Carolina

Ryan Specialty Group, LLC has reached a definitive agreement to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina. ISI’s team will become part of …

UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team

London-based managing general underwriter StartPoint Executive Risks has appointed Mark Selby as head of its newly created financial institutions underwriting practice. The FI practice is a complement to the current management liability underwriting practice and a next stage in the …

Ryan Specialty Group Gets $175 Million Investment from Private Equity Firm Onex

Chicago-based Ryan Specialty Group said Onex Corp. has invested $150 million of preferred equity and $25 million of common equity as capital for RSG to continue its mergers and acquisitions activity. No other terms of the agreement were released. Founded …

Ryan Specialty Completes Acquisition of Lodestar Marine of London

Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group. Charles Dymoke and John Hearn have joined …

Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa

Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa Associates Ltd.* Lodestar’s operations will become part of …