Ryan Specialty Group L.L.C. said Wednesday it has reached a definitive agreement to acquire managing general underwriter Irwin Siegel Agency Inc.
Terms of the transaction were not disclosed.
Rock Hill, New York-based Irwin Siegel’s specialties include developmental disability organizations, addiction treatment and behavioral/mental health care and youth programs, among others.
The firm’s operations will become part of RSG Underwriting Managers, the managing general underwriting division of Chicago-based Ryan Specialty Group. CEO Howard Siegel will continue in that role.
ISA, which has been a family-owned business for nearly 60 years, developed the first property/casualty insurance package specifically designed for nonprofit organizations serving individuals with disabilities, according to Ryan Specialty Group’s statement.
Ryan Specialty Group L.L.C. said Monday that Dawn D’Onofrio has been promoted to president and CEO of WKFC Underwriting Managers and CorRisk Solutions.