Investment Summary

Ryan Specialty Group Invests In Interstate Insurance Management

On February 2, 2017, Ryan Specialty Group invested in insurance company Interstate Insurance Management

Investment Highlights
  • This is Ryan Specialty Group’s 9th transaction in the Insurance sector.
  • This is Ryan Specialty Group’s 4th transaction in the United States.
  • This is Ryan Specialty Group’s 1st transaction in Pennsylvania.

Investment Summary

Date 2017-02-02
Target Interstate Insurance Management
Sector Insurance
Investor(s) Ryan Specialty Group
Deal Type Acquisition Financing

Target

Interstate Insurance Management

Johnstown, Pennsylvania, United States
Interstate Insurance Management, Inc. is a transportation managing general agent founded in 1970 and led by Jack Buchan for the last 26 years. Jack will continue leading the business through RSGUM’s new series, Interstate Insurance Management. In addition to transportation coverages, Interstate also underwrites specialty property and P&C binding facilities. Headquartered in Johnstown PA, Interstate serves the greater mid-Atlantic region and maintains underwriting authority with multiple top transportation and property markets.

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Investor(S) 1

Investor

Ryan Specialty Group

Chicago, Illinois, United States

Category Company
Founded 2010
Sector Insurance
Employees4,401
Revenue 2.5B USD (2024)
DESCRIPTION

Ryan Specialty Group is an international specialty insurance organization, which includes a wholesale brokerage firm (RT Specialty) and an underwriting management organization (RSG Underwriting Managers), comprised of 22 individual underwriting companies. Ryan Specialty Group was formed in 2010 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 27
Sector: Insurance M&A 9 of 24
Type: Acquisition Financing M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 2
Country: United States M&A 4 of 18
Year: 2017 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 NUAL AB

Stockholm, Sweden

NUAL AB is a provider of insurance services in Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-24 Trident Marine Managers

Houston, Texas, United States

Trident Marine Managers, Inc. is a specialty marine managing general agency serving the energy sector for over 35 years. Trident offers nationwide coverages with a particular focus on marine and energy operations within the Gulf of Mexico. Core products include Marine General Liability, Hull & Liability, Maritime Employers Liability and Umbrella. Trident maintains full underwriting authority and appointments with multiple “A” rated carriers.

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