R-T Specialty, LLC Acquires Sowers Baccala Insurance Brokerage (SBIB)
March 31, 2010, CHICAGO, IL – Sowers Baccala Insurance Brokerage (SBIB) based in La Jolla, CA has been acquired by R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC. Sowers Baccala Insurance Broker (SBIB) is one of the strongest regional property-casualty wholesale brokers in the Southwest.
Under the leadership of Timothy W. Turner, RT Specialty is committed to becoming a significant player in the wholesale brokerage marketplace.
The acquisition of SBIB exemplifies RT Specialty’s mission of delivering measurable value to the insurance marketplace. Sowers Baccala, since its beginning in 1997, has made a name for itself as a successful, regional wholesale broker by delivering outstanding service to agents, brokers and the top insurance markets.
SBIB is the first of many RT Specialty acquisitions to come. SBIB not only provides a great start but also is a marvelous fit for the newly launched national wholesale brokerage platform. RT Specialty welcomes SBIB employees and clients to the start of something BIG.
About R-T Specialty, LLC
R-T Specialty, LLC (RT) 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 #0G97516