Ryan Specialty acquires International Specialty Insurance Services

Chicago-based Ryan Specialty Group (RSG) has signed a definitive agreement to acquire the assets and operations of International Specialty Insurance Services (ISI).

ISI is an independently owned managing general underwriter (MGU) with offices in Winston-Salem, North Carolina. It offers disability and other related insurance products to athletes, entertainers, physicians, and other high-earning professionals. The business is led by Matthew Ferraro, Joseph Ferraro, and Christopher Larcheveque.

Following the deal, ISI’s team will become part of RSG Underwriting Managers (RSGUM), the managing general underwriting unit of RSG. ISI's leadership team, including Matthew Ferraro, Joseph Ferraro, and Christopher Larcheveque, along with the other staff, will remain with the business under the new RSG ownership.

Patrick Ryan, founder, chairman and CEO of Ryan Specialty Group, said: “We are very much looking forward to having the professionals at ISI join our team at RSG. They have carved out a market niche and developed an expertise that complements the other businesses within our managing general underwriting division, RSGUM. With their high level of professionalism and underwriting acumen, we couldn’t be more pleased that ISI will be a part of our family.”

Ferraro, managing director of ISI, said: “We are thrilled to be joining RSG and look forward to expanding our business on their efficient and superb platform. Developing new products will continue to be a critical element of expanding the business’ addressable market and driving growth. The RSGUM model is the perfect fit to allow us to capitalize on this goal.”

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