— Posted in News
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed.
ISA is a human and social service managing general underwriter and is based in Rock Hill, N.Y. Its specialties include developmental disability organizations, addiction treatment and behavioral/mental healthcare, youth programs and more.
Following the acquisition, ISA’s operations will become part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group.
Founded in 2010, Ryan Specialty Group is an international specialty insurance organization which includes a wholesale brokerage firm and managing general underwriting companies designed for brokers, agents and insurers.
For nearly 60 years, ISA has been a family-owned business providing property and casualty insurance products and risk management to improve the quality of life for the developmentally disabled. In 1985, ISA developed the first property and casualty insurance package specifically designed for non-profit organizations serving individuals with disabilities. The agency is led by Howard Siegel who has been with the agency for nearly 40 years.
Siegal will continue as CEO going forward. TigerRisk Capital Markets & Advisory served as financial advisor to ISA in the transaction.
Source: Ryan Specialty Group LLC