Ryan Specialty snaps up Oklahoma P&C broker Westphalen

Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has acquired the assets and operations of Westphalen Insurance Services, an independent wholesale insurance brokerage based in Oklahoma.

The business will become part of R-T Specialty (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group, and will establish the company’s presence in Oklahoma.

Founded in 1987, Westphalen focuses on property and casualty, personal lines and transportation.

Tim Turner, chairman and CEO of RT Specialty, commented: “We are very excited to have Jeff and his team at Westphalen join RT Specialty. The Oklahoma City market is one that we’ve been targeting and have been looking for the right broker; Westphalen is that broker. We couldn’t be happier to establish our presence with this team.”

Jeff Westphalen, president of Westphalen, said: “Our whole team is looking forward to the opportunity of being a part of RT Specialty. We will be able to offer our clients and carriers higher volume and larger markets on the outstanding platform that RT Specialty has built. It is the right move for our company and our clients and will open new opportunities for us all.”

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