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R-T Specialty, LLC Acquires Oakbridge Insurance Services, LLC
Acquisition Broadens RT's Presence in the Executive and Professional Liability Segment
December 9, 2010, CHICAGO, ILLINOIS - R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC, announced that it has acquired Oakbridge Insurance Services, LLC.
Oakbridge is one of the nation's leading specialty insurance intermediaries with extensive experience and exclusive focus on executive and professional liability exposures and insurance solutions. The company was organized in 2005 as the successor to Carpenter Moore Insurance Services' Eastern U.S. operations. Oakbridge's main office in Bloomfield, Connecticut is strategically located within a 15 mile radius of many of the underwriting facilities with whom the company transacts business. In addition, the company maintains offices in California, Minnesota, New Jersey and Ohio.
Tim Turner, President and CEO of RT Specialty, says of the acquisition, "At RT Specialty, our mission is to assemble the best and the brightest wholesale brokers in the country; brokers committed to providing our clients with the best resources available. The RT Specialty team, retail agents and brokers, and specialty insurance markets have long recognized Oakbridge's reputation as an outstanding organization whose brokers are widely regarded as among the very best nationwide in the executive and professional liability arena. By combining our teams in these segments, we will solidify our position as the preeminent executive and professional liability wholesaler in the minds of retail brokerage firms, their clients, and the specialty markets that underwrite this insurance."
Jose Medina and Alex Jezerski, the Managing Members of OakBridge offer the following commentary. Jose Medina states: "For over 15 years, we have been steadily executing on a business model which depends on constant innovation, attracting and retaining the best people in the industry and staying true to our core mission of being the leading executive and professional liability wholesale intermediary in the country." Alex Jezerski adds: "RT Specialty has presented us with a once in career opportunity that will allow us to combine the expansive RT resources and existing talent pool with our unique business model, intellectual property and claims advocacy skills. The synergies between the two firms will be extraordinarily beneficial to our existing retailers and prospects, as we develop and expand the relationships that will continue to bring innovative products and solutions for our partners' clients."
About R-T Specialty, LLC
R-T Specialty, LLC is a subsidiary of Ryan Specialty Group, LLC specializing in wholesale brokerage, MGU/MGA underwriting facilities and other services to agents, brokers and carriers. In California: R-T Specialty Insurance Services, LLC License #OG97516
About Oakbridge Insurance Services, LLC
OakBridge Insurance Services is one of the nation's leading Executive and Professional Liability insurance intermediaries. The firm provides its services through co-brokerage alliances with strong, regional insurance brokers across the country.
|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. As a wholesale broker, RT does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. In California: R-T Specialty Insurance Services, LLC License #0G97516.