"RSG has always admired the high quality of talent at All Risks and their very strong management teams, led by Nick Cortezi and Matt Nichols," said Patrick G. Ryan, RSG founder, chairman and CEO, in a statement.

Chicago-based Ryan Specialty Group (RSG) and All Risks, Ltd., headquartered in Delray Beach, Fla., have signed a definitive agreement to merge, the companies announced last week. The details of the transaction were not disclosed.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].