Ryan Specialty Group seals deal for NY brokerage

Ryan Specialty Group seals deal for NY brokerage | Insurance Business America

Ryan Specialty Group seals deal for NY brokerage
Ryan Specialty Group (RSG) has completed its acquisition of New York state-based Kerwick & Curran (K&C), a wholesale insurance brokerage. This comes less than a month after deal was first announced on January 04. Terms of the transaction were not disclosed.

K&C will become part of RT Specialty (RT), RSG’s wholesale brokerage unit, and will establish the unit’s office in Long Island, New York. As part of the transition, K&C CEO Ed Berliner and President Joseph Davis will become co-presidents of the new office, RSG said.

Incorporated in 1975, K&C is known as one of the first wholesale brokerage operations in the Northeast, focusing on real estate, high hazard manufacturing, industrial, retail and construction risks.

“K&C is an outstanding wholesale broker that will integrate well into RT Specialty with their high integrity and exceptional level of performance,” said RT Specialty chariman and CEO Timothy Turner. He believes the addition of K&C will strengthen his firm’s already solid Northeast presence.

“RT has a robust habitational practice, one which we at K&C will complement perfectly,” Berliner and Davis said in a statement when the deal was first announced. “This merger will enable us to fuel our ambitions of growth and widen our reach.”

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