Ryan Specialty Group acquires US wholesale broker K&C
Ryan Specialty Group is to acquire the assets and operations of Kerwick & Curran (K&C), a wholesale insurance brokerage.
Following the transaction, K&C will become part of RSG's wholesale brokerage unit RT Specialty. Ed Berliner, CEO and managing partner, and Joe Davis, president, Kerwick & Curran, will continue overseeing the operation once merged into RT Specialty.
Kerwick & Curran was incorporated in 1975 and was one of the Northeast’s first wholesale brokerage operations focusing on real estate, high hazard manufacturing, industrial, retail and construction risks.
RT Specialty chairman and CEO, Timothy Turner, commented: “K&C is an outstanding wholesale broker that will integrate well into RT Specialty with their high integrity and exceptional level of performance. Their specialty of habitational risks is unsurpassed and will further strengthen and deepen our solid Northeast presence. We have known Ed Berliner and Joe Davis for a long time and are thrilled that they and their team will be joining RT Specialty.”
Berliner said: “We are excited to be joining the exceptional brokerage team of RT Specialty. RT has a robust habitational practice, one in which we at K&C will compliment perfectly. This merger will enable us to fuel our ambitions of growth and widen our reach. We look forward to many years of continued success ahead as a part of RT Specialty.”
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