Ryan Specialty Announces RT Specialty Executive Leadership Promotions
July 02 2024 - 8:00AM
Business Wire
Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty” or
“the Company”), a leading international specialty insurance firm,
is pleased to announce executive leadership team promotions for
Ryan Turner Specialty (“RT Specialty”), the wholesale brokerage
division within Ryan Specialty. These executive changes, effective
October 1, 2024, reflect the continued growth and evolution of the
firm, as well as the depth of talent on the RT Specialty executive
leadership team.
- Edward F. McCormack will become Chief Executive Officer of RT
Specialty. Ed has been President of RT Specialty since 2016 and
previously served as Chief Operating Officer and General Counsel.
He joined RT Specialty at its inception in 2010.
- Brenda (Ballard) Austenfeld and Michael T. VanAcker will become
Co-Presidents of RT Specialty.
- Brenda is currently CEO and President of RT National Property
and will continue in this role in addition to becoming
Co-President. Brenda joined RT through the acquisition of Westrope
in 2013 where she was a partner. Brenda has spent 30+ years in the
insurance industry and currently serves as President of the Board
of Directors for the Wholesale & Specialty Insurance
Association (WSIA) as well as a member of the Board of Directors
for the Council of Insurance Agents and Brokers (CIAB).
- Michael is currently Executive Vice President of RT Specialty
and previously served as Chief Operating Officer of both RT
Specialty and Ryan Specialty and Controller for RT Specialty.
Michael has spent his entire career in the insurance industry,
starting his career at PwC before moving to Ryan Specialty in 2011.
He is a licensed Certified Public Accountant in the State of
Illinois.
These promotions follow Ryan Specialty’s recent announcement
that it will implement a leadership succession plan, also effective
October 1, 2024. As part of the plan, Patrick G. Ryan, the Founder,
Chairman, and CEO of Ryan Specialty, will transition to the role of
Executive Chairman, and Timothy W. Turner, President of Ryan
Specialty and Chairman and CEO of RT Specialty, will become CEO of
Ryan Specialty and retain his role as Chairman of RT Specialty.
Commenting on these new appointments, Tim Turner said, “I’m very
excited about these well-earned promotions. All of these
individuals are proven strategic leaders, have more than a decade
of experience in senior positions within RT Specialty, and enjoy
excellent relationships with clients, carrier trading partners, the
larger insurance industry, and the entire RT Specialty team. Ed and
I have worked alongside each other since the inception of RT
Specialty, and he is a very strategic, thoughtful leader who is
well positioned to be an excellent CEO. Along with Marissa
Moscowitz as Chief Operating Officer, this exceptional executive
team will continue to lead RT Specialty forward in delivering
exceptional service and outstanding outcomes for our clients and
carrier trading partners.”
- Ed can be reached at Ed.McCormack@rtspecialty.com or (312)
784-6014.
- Brenda can be reached at Brenda.Austenfeld@rtspecialty.com or
(239) 206-5150.
- Michael can be reached at Michael.VanAcker@rtspecialty.com or
(312) 878-1858.
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of
specialty products and solutions for insurance brokers, agents, and
carriers. Ryan Specialty provides distribution, underwriting,
product development, administration, and risk management services
by acting as a wholesale broker and a managing underwriter with
delegated authority from insurance carriers. Our mission is to
provide industry-leading innovative specialty insurance solutions
for insurance brokers, agents, and carriers. Learn more at
ryanspecialty.com.
About RT Specialty
RT Specialty is a leading wholesale distributor of specialty
insurance products and services and the wholesale broking specialty
of Ryan Specialty. The firm’s specialist brokers handle an
expansive mix of property, casualty, professional lines,
transportation, personal lines and workers’ compensation insurance
products, on both an open market and delegated authority basis. RT
Specialty’s entrepreneurial spirit is combined with advanced risk
modeling, market access, and claims advocacy to provide excellent
solutions to its clients. Regardless of account size—big or
small—RT Specialty is dedicated to providing lightning fast, expert
advice, advocacy and execution on behalf of our retail broker
clients. Learn more at rtspecialty.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240702794524/en/
Media Alice Phillips Topping Chief Marketing &
Communications Officer Ryan Specialty
Alice.Topping@ryanspecialty.com (312) 635-5976
Investor Relations Nicholas Mezick Director, Investor
Relations Ryan Specialty IR@ryanspecialty.com (312) 784-6152
Ryan Specialty (NYSE:RYAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ryan Specialty (NYSE:RYAN)
Historical Stock Chart
From Jul 2023 to Jul 2024