Ryan Specialty, an international specialty insurance company, announced that it has acquired certain assets of Centurion Liability Insurance Services, LLC.Terms of the deal were not disclosed
Centurion is a professional wholesale insurance broker with employees based in Florida and California. Prior to the acquisition, it was partially owned by the Insurance Office of America.
Tim Turner, Chairman and CEO of RT Specialty and President of Ryan Specialty, shares the company’s excitement about having Centurion’s team join the company.
he said: Their expertise, drive for exceptionalism, and approach fit perfectly into the Ryan Specialty culture. We look forward to welcoming these individuals as part of our RT professional team. “
IOA Chairman and CEO Heath Ritenour said:
“Additionally, we expect the Centurion team to benefit from joining Ryan Specialty’s industry-leading professional liability team and independent business model. We believe it is essential that this transaction is unequivocally favorable to Centurion, its employees and clients.”
Zulma Zak, President of Centurion, commented: Part of Ryan Specialty.