Ryan Specialty Group’s RT Specialty Acquires Tennessee Underwriters, Inc.
November 4, 2014, CHICAGO, IL – Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) today announced that it has acquired the assets of excess and surplus broker, Tennessee Underwriters, Inc. (TUI).
TUI is one of the southeastern region’s most trusted surplus lines markets, with strong relationships and binding authorities from respected carriers in the domestic and international marketplace. A family-owned business, TUI was formed in 1980 to provide property and casualty insurance products to independent insurance agents in Tennessee.
RT President & CEO, Timothy W. Turner says, “TUI is highly respected in the brokerage and carrier community. Their existing operations and experience will be the basis for expanding RT’s presence in that area as well as our binding authority capabilities. This growth will enable RT to continue to provide best-in-class service to customers and carriers.”
Tennessee Underwriters owner and president, Donna Guest, adds, “TUI is known for our strong relationships and binding authorities with respected carriers. As a result, we are a valuable resource to Tennessee’s independent agents. We look forward to joining with RT and expanding our existing capabilities. This is a win-win for clients.”
Terms of the transaction were not disclosed.
About Ryan Specialty Group, LLC and R-T Specialty, LLC
Ryan Specialty Group, LLC is a global holding company which includes wholesale broker R-T Specialty, LLC, a select group of highly-specialized underwriting companies, a London operation and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com and www.rtspecialty.com
About Tennessee Underwriters, Inc.
A family-owned business, Tennessee Underwriters, Inc. was formed in 1980. TUI provides property and casualty insurance products to Tennessee insurance agents and brokers. Headquartered in Franklin, TN, TUI is one of the region’s most trusted surplus lines markets. It has strong relationships and binding authority with respected carriers in the domestic and international marketplace.
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