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Ryan Specialty to acquire New Jersey-based specialty intermediary

Insurance broker Ryan Specialty Group LLC has agreed to acquire the assets and operations of Hamilton, N.J.-based specialty intermediary New Day Underwriting Managers LLC.

New Day will become part of Ryan Specialty Group's wholesale brokerage unit, R-T Specialty LLC. New Day founder and CEO Jefferey Lejfer will continue to lead the team as it joins R-T Specialty.

Terms of the transaction were not disclosed.