Ryan Specialty Group (“RSG”) Acquires Irwin Siegel Agency (“ISA”)

TigerRisk Capital Markets & Advisory acted as exclusive financial advisor to Irwin Siegel Agency

Transaction Overview

On 2/1/18, Ryan Specialty Group acquired Irwin Siegel Agency, Inc.

  • Terms of the transaction were not disclosed

ISA is a leading human and social service managing general underwriter based in Rock Hill, NY

  • ISA has been a family-owned business since 1960
  • Led by owner and CEO Howard Siegel who is an expert and leader in the social services space
  • Core business is focused on insurance programs for developmental disability service organizations
  • Supported by a select group of the most prestigious insurance organizations in the world
  • Products distributed predominantly through a broad network of small independent agents

RSG is an international specialty insurance organization

  • Founded in 2010, RSG is based in Chicago and employs over 1,700 individuals
  • The organization has two segments: Ryan Turner Specialty and RSG Underwriting Managers
    • Ryan Turner Specialty serves as the organization’s wholesale brokerage operation
    • RSG Underwriting Managers is a series of specialty P&C managing general underwriters

ISA will continue to maintain its brand identity under the RSG Underwriting Managers umbrella

  • Howard Siegel to remain as President and CEO of ISA, post-closing

TigerRisk Capital Markets & Advisory Role

TCMA is acting as exclusive financial advisor to ISA; key transaction steps led by TCMA include:

  • Assistance in valuation analysis
  • Leading a highly targeted sale process
  • Offering insight around key transaction terms and conditions
  • Assistance to ISA in negotiation of final transaction terms and conditions
  • Providing objective advice and acting as a confidant to the seller throughout the process
  • Further solidifies TCMA as a leader in MGA sale transactions