Ryan Specialty Group Acquires Assets, Operations of Boston Insurance Specialists

Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not disclosed.

BIS’ team is now a part of R-T Specialty LLC, the wholesale brokerage unit of RSG. The agreement to acquire BIS was previously announced on January 24, 2019.

BIS was founded in 2001 and is a family-owned business led by founders Debbie Murphy and Peggy Giancola. Its specialty products include property, casualty, professional liability and personal lines.

Source: Ryan Specialty Group LLC