Ryan Specialty, a global player in specialty insurance, has announced its plan to acquire J.M. Wilson Corporation, an insurance firm based in Michigan. This deal was confirmed in a definitive agreement and is set to close in the third quarter of 2025.
Once the acquisition is finalized, J.M. Wilson will become part of RT Binding Authority, which is a segment of Ryan Specialty. J.M. Wilson has been in business since 1920 and operates six offices across the United States. The company offers a diverse range of insurance products, including personal lines, surety, and a strong focus on transportation insurance. In the last year, J.M. Wilson reported approximately $19 million in operating revenue.
Ed McCormack, CEO of RT Specialty, highlighted J.M. Wilson’s solid reputation in underwriting and client service. He believes this acquisition will strengthen RT Specialty’s position in the Midwest and enhance its capabilities in the transportation sector. David Wilson, president of J.M. Wilson, expressed excitement about joining RT Specialty, noting shared values and familiarity with the company’s operations.
The financial terms of the deal have not been disclosed, but the integration is expected to bring new opportunities for both firms. In related news, RT Specialty has also opened a new office in Detroit, appointing David Derigiotis as executive vice president and office president. Derigiotis will lead the company’s professional and executive liability practice group, which is seen as a key growth area for RT Specialty.
McCormack mentioned that Detroit is an expanding market, and Derigiotis’s expertise will be crucial for their growth and service in the region. Derigiotis himself expressed his respect for RT Specialty and enthusiasm for contributing to its future success.