Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not disclosed.
Following the acquisition, BIS’ team will become part of R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group, and will enhance RT Specialty’s New England presence.
BIS was founded in 2001 and is a family-owned business led by founders Debbie Murphy and Peggy Giancola. Its specialty product includes property, casualty, professional liability and personal lines.
Source: Ryan Specialty Group LLC
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
