Ryan Specialty Group (RSG) has announced that it has acquired the assets and operations of Boston Insurance Specialists (BIS), an independently owned wholesale insurance brokerage based in Massachusetts. BIS will now be part of RT Specialty, the wholesale brokerage unit of RSG.
BIS was founded in 2001 and is led by founders Debbie Murphy and Peggy Giancola. The brokerage represents and has binding authority with some of the top excess and surplus lines carriers in the United States and London, according to RSG.
RSG originally announced its intent to acquire BIS on January 24. Terms of the transaction were not disclosed.