Ryan Specialty closes Direct sale to Kirs

Chicago-based Ryan Specialty Group (RSG) has completed its sale
of UK broker Ryan Direct Group to newly created Towergate parent
Kirs Group.
In a statement released this morning RSG said the Ryan Direct
leadership team of CEO Derek Coles and CFO Scott Hough would remain
in place and that it will now operate under the name Direct
Group.
Thesale of the insurance services and claims management business
to private equity firms Madison Dearborn Partners (MDP) and HPS
Investment Partners,...