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

On 1/24/18, Ryan Specialty Group announced it would acquire 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 remained as President and CEO of ISA, post-closing

TCMA acted as exclusive financial advisor to ISA; key transaction steps led by TCMA included:

• 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