RSG Closes on Acquisition of Westphalen Insurance Services Inc.
March 1, 2019, CHICAGO, IL – Ryan Specialty Group, LLC is pleased to announce that it has acquired the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage with offices in Edmond, Oklahoma. The Westphalen team is now a part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group, and has established RT Specialty’s presence in Oklahoma. This transaction was previously announced on February 11, 2019.
Founded in 1987, Westphalen is a long-time family run business which focused on property and casualty, personal lines and transportation. The firm has binding authority commitments within each segment with ‘A’ rated XV carriers, all of which will continue with RT Specialty. Lead by Jeff Westphalen, Westphalen established itself as a leader in their market, providing superior solutions, service and access to excellent capital.
Terms of the transaction were not disclosed.
For more information, please contact:
Jeff Westphalen, RT Specialty’s Oklahoma City office President, at
Jeff.Westphalen@rtspecialty.com or 405.726.2800
About RT Specialty
R-T Specialty, LLC (RT), a subsidiary of Ryan Specialty Group, LLC, provides wholesale brokerage and other services to agents and brokers. RT is a Delaware limited liability company based in Illinois. In California: R-T Specialty Insurance Services, LLC License #0G97516. ©2019 Ryan Specialty Group, LLC. rtspecialty.com
About Ryan Specialty Group
Founded in 2010, Ryan Specialty Group, LLC is a leading international specialty insurance organization which includes a wholesale brokerage firm and highly specialized managing general underwriting companies designed specifically for brokers, agents and insurers. ryansg.com