R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC, has acquired McAuley Woods & Associates. Headquartered in Palm Beach, Florida, McAuley Woods is a wholesale insurance brokerage that also has offices in Charlottesville, Virginia and Nashville, Tennessee. These offices are part of the sale.
Bob McAuley and Loti Woods, co-presidents and co-chief operating officers of McAuley Woods, will remain with the organization.
R-T Specialty is a new venture, part of Chicago-based Ryan Specialty Group, founded by former Aon founder and CEO Pat Ryan in December, 2009.
R.T. Specialty is headed by Tim Turner, formerly president of CRC, a national wholesaler and subsidiary of BB&T.
Turner said the acquisition will “significantly strengthen” his firm’s presence in the Southeast.
Was this article valuable?
Here are more articles you may enjoy.
The World’s Plastic Glut Is Set to Get Much Worse by 2040, Study Finds 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners 
Florida, East Coast to See Big Insured Losses From More Cat 5 Storms, Researchers Say 
