Chicago, Illinois (February 21, 2018) - Ryan Specialty Group LLCannounced it has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers, LLC (New Day), a specialty intermediary with offices in Hamilton, New Jersey. New Day will become part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group (RSG). Jefferey S. Lejfer, chartered property casualty underwriter (CPCU), founder and CEO of New Day Underwriting Managers, commented, “It is the perfect time at New Day to join forces with the powerhouse of RT Specialty. Our national footprint will blend well with RT’s extensive network, and our expertise will further complement RT’s expertise in the construction and real estate industries.”
Jeff Slivka, president of New Day Underwriting Managers, who will lead the environmental and construction professional liability practice group, said, “This is a great opportunity for New Day to maintain its focus on environmental and construction-related professional liability and to leverage the resources of a larger organization. All of us here are excited to move forward with RT Specialty.”
Terms of the transaction were not disclosed. For more information, visit www.rtspecialty.com.