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Ryan Specialty Group (RSG) has announced that it has reached a definitive agreement to acquire the assets and operations of International Specialty Insurance Services (ISI), a North Carolina-based managing general underwriter. ISI’s team will become part of RSG Underwriting Managers (RSGUM).
ISI offers high-value disability and other insurance products to athletes, entertainers, physicians and other high-earning professionals, RSG said. ISI is privately owned and led by Matthew Ferraro, Joseph Ferraro, and Christopher Larchveque. They, along with their team, will remain with the business.
“We are very much looking forward to having the professionals at ISI join our team at RSG,” said Patrick G. Ryan, founder, chairman and CEO of RSG. “They have carved out a market niche and developed an expertise that complements the other businesses within our managing general underwriting division, RSGUM. With their high level of professionalism and underwriting acumen, we couldn’t be more pleased that ISI will be part of our family.”
“We are thrilled to be joining RSG and look forward to expanding our business on their efficient and superb platform,” said Matthew Ferraro, managing director of ISI. “Developing new products will continue to be a critical element of expanding the business’s addressable market and driving growth. The RSGUM model is the perfect fit to allow us to capitalize on this goal.”
