Posted on 11 Oct 2010
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 boutique wholesale insurance brokerage company that specializes in various product lines, including property, casualty, trade name restoration, mold, professional liability, workers compensation, construction, healthcare, transportation, catastrophe, hurricane, hospitality, and products liability insurance.
Bob McAuley, Loti Woods, co-Presidents and co-Chief Operating Officers, McAuley Woods & Associates, say of the acquisition, "Working closely with our select retail producers to develop unique and responsive insurance solutions to their clients' needs is a long-standing hallmark of our mission. By joining forces with RT Specialty, we will not only expand the network of other retailers who can access our programs, but also enhance the wide array of insurance markets available to them through the entire RT Specialty team. Pat Ryan, Tim Turner and their team offer an amazing track record and wealth of experience that is second to none in the wholesale space. We are extremely excited to be a part of the platform they've built."
"I have long admired McAuley Woods' commitment to its retail distribution network, as well as its flexible approaches in addressing their clients' objectives, both of which are core components of our mission", said Tim Turner, President and CEO of RT Specialty. He added "Its strong presence throughout the Southeastern part of the United States will significantly strengthen our presence in that key region, and we look forward to expanding our combined market relationships in developing new facilities and programs for our retail producers."