RYAN SPECIALTY TO ACQUIRE LOVULLO ASSOCIATES IN NEW YORK

US wholesale broker Ryan Specialty Group, through its RT Specialty unit, has reached a deal to acquire the assets of LoVullo Associates, a New York-based wholesale broker that serves more than 1,200 independent brokers in the northeast US. Terms of the deal were not disclosed. LoVullo, which operates as an excess and surplus lines broker and managing general agent, will be become part of RT Specialty Buffalo and remain at its current location in Depew, New York. LoVullo president Dave Pietrowski will become president of RT Specialty’s Buffalo office. “LoVullo is a superb cultural fit for RT Specialty,” said Ryan Specialty Group founder, chairman and chief executive Patrick Ryan. “This acquisition will strengthen our distribution in the northeast and will provide additional products for RT Specialty.”