RSG launches new wholesale brokerage unit in New York after LoVullo takeover
US-based Ryan Specialty Group (RSG) is establishing RT Specialty Buffalo, New York office, a new wholesale brokerage unit, at the current location of acquired managing general agent (MGA) LoVullo Associates.
RSG has acquired all the assets of LoVullo Associates, a wholesale insurance brokerage and binding authority operation based in New York. The acquisition was first announced on March 30.
The new office of RT Specialty, the wholesale brokerage subsidiary of RSG, will continue to serve independent brokers in the Northeast, Buffalo area, and operate as an excess and surplus lines broker and managing general agent. It will offer commercial, professional and personal lines products.
RSG had earlier announced that it will also acquire LoVullo's affiliated premium finance business Superior Payment Plan later in 2017. It is intended that Superior will roll into RSG's overall operations and establish a platform to offer payment solutions to RSG's clients.
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