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 Specialty), the wholesale brokerage unit of Ryan Specialty Group, and has established RT Specialty’s presence in Oklahoma. This transaction was previously announced on Feb. 11, 2019.
Founded in 1987, Westphalen is a long-time family run business which focused on property and casualty, personal lines and transportation. Lead by Jeff Westphalen, the firm has binding authority commitments within each segment with ‘A’ rated XV carriers, all of which will continue with RT Specialty.
Terms of the transaction were not disclosed.
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Source: Ryan Specialty Group
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