Ryan Specialty to acquire wholesale brokerage Boston Insurance

Ryan Specialty Group is to acquire Boston Insurance Specialists (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Massachusetts.

BIS’ team will become part of RT Specialty, the wholesale brokerage unit of Ryan Specialty Group (RSG).

Boston Insurance Specialists was founded in 2001 and is a family-owned business led by founders Debbie Murphy and Peggy Giancola. BIS represents and has binding authority with some of the top excess & surplus lines carriers in the US and London. Its specialty product solutions include property, casualty, professional liability and personal lines.

Tim Turner, chairman and CEO of RT Specialty, said: “I have known Debbie and Peggy for many years and have great respect for them and the firm they have built. Their knowledge and level of service is top among their peers. We’re thrilled to have them join the RT Specialty team.”

Murphy, president of Boston Insurance Specialists, added: “We are excited about joining RT Specialty. We view this evolution of our firm as a fantastic opportunity to maintain our local presence while expanding the products and services we offer to our retail broker clients. Our entire BIS team will be joining RT Specialty, and we couldn’t be happier.”

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