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), the managing general underwriting unit of Ryan Specialty Group (RSG). This transaction was previously announced on Feb. 12, 2019.

ISI offers high-value disability and other related insurance products to athletes, entertainers, physicians, and other high-earning professionals. The business was privately owned and led by Matthew Ferraro, Joseph Ferraro, and Christopher Larcheveque, who will remain with the business under the new RSG ownership, as will the whole team at ISI.

Terms of the transaction were not disclosed.

Sherman & Company LLC acted as financial advisor to ISI.

Founded in 2010, Ryan Specialty Group, LLC is an international specialty insurance organization designed specifically for brokers, agents and insurers, which includes a wholesale brokerage firm, RT Specialty, and a managing general underwriting division, RSG Underwriting Managers, comprised of highly specialized managing general underwriting companies.

RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of Ryan Specialty Group and consists of a series of specialty managing general underwriters (MGU).

Topics Mergers & Acquisitions Excess Surplus Underwriting North Carolina Insurance Wholesale Human Resources