Ryan Specialty reveals acquisition deal in New York

Ryan Specialty Group has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency (ISA), a New York-based human and social service managing general underwriter.

ISA is a family-owned business providing property and casualty insurance products and risk management solutions. It specialises in developmental disability organisations, addiction treatment and behavioural/ mental healthcare and youth programme, among others.

Upon completion, ISA’s operations will become part of Ryan Specialty's managing general underwriting division, RSG Underwriting Managers (RSGUM), according to a Jan. 24 press release.

Pat Ryan, chairman and CEO of RSG, commented: “We are delighted to have the Irwin Siegel Agency join the RSG family. The work that Howard and his team do is indeed impressive and truly an added value to our society. The values and goals of ISA align perfectly with ours, and we’re looking forward to working with and expanding the reach of this great team.”

Howard Siegel, CEO of Irwin Siegel Agency, said: “It is time for ISA to join forces with an industry leader that values our clientele and business as much as we do. We have found that partner in Ryan Specialty Group and Pat Ryan. We’re looking forward to growing our expertise and services with RSG. We couldn’t be more delighted.”

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