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Ryan Specialty Group (RSG) has acquired the assets and operations of independently-owned managing general underwriter International Specialty Insurance Services (ISI).
Terms of the transaction were not disclosed.
As part of the deal, the Winston-Salem, NC-based ISI will be made part of RSG Underwriting Managers (RSGUM), the managing general underwriting unit of RSG.
The deal was first announced earlier this year in February.
ISI provides disability and other related insurance products to high-earning professionals, such as athletes, entertainers, and physicians. The MGU is led by Matthew Ferraro, Joseph Ferraro, and Christopher Larcheveque – some of the leading underwriters in the high-value disability market, a release said.
Following the acquisition, all three professionals – as well as the entire ISI team – will remain with the business under RSG ownership.
Last month, RSGUM combined two of its highly specialized underwriting teams – US-based ThinkRisk Underwriting, and London, UK-based EmergIn Risk – into one brand. Under the EmergIn Risk brand, both teams will provide deeper underwriting expertise, broader jurisdictional capabilities, and innovative products for clients across different sectors.
