Ryan Specialty Group Announces Acquisition of Wholesale Insurance Brokerage in New York
- January 05, 2018
Ryan Specialty Group Announces Agreement to Acquire Kerwick & Curran, Inc.
CHICAGO, IL – Ryan Specialty Group, LLC, is pleased to announce that it has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran, Inc. (K&C), a wholesale insurance brokerage with offices in Tarrytown and Melville, New York. K&C will become part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group (RSG), and will enhance RT Specialty’s New York presence.
Kerwick & Curran was incorporated in 1975 and was one of the Northeast’s first wholesale brokerage operations focusing on real estate, high hazard manufacturing, industrial, retail and construction risks. Today, K&C has remained true to the original specialty focus and serves local, regional and national brokers. K&C has a pristine reputation and loyal following that has built a significant portfolio of construction and commercial real estate business that continues to grow year over year on a profitable basis to the carriers represented. Ed Berliner and Joe Davis will continue overseeing the operation once merged into RT Specialty.
RT Specialty Chairman and CEO, Timothy W. Turner, commented, “K&C is an outstanding wholesale broker that will integrate well into RT Specialty with their high integrity and exceptional level of performance. Their specialty of habitational risks is unsurpassed and will further strengthen and deepen our solid Northeast presence. We have known Ed Berliner and Joe Davis for a long time and are thrilled that they and their team will be joining RT Specialty.”
Executives of Kerwick & Curran, Ed Berliner, CEO and Managing Partner, and Joe Davis, President, remarked, “We are excited to be joining the exceptional brokerage team of RT Specialty. RT has a robust habitational practice, one in which we at K&C will compliment perfectly. This merger will enable us to fuel our ambitions of growth and widen our reach. We look forward to many years of continued success ahead as a part of RT Specialty.”