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.
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