Ryan Specialty Announces Edward F. McCormack Will Become CEO Of RT Specialty, Effective October 1, 2024

Author: Benzinga Newsdesk | July 02, 2024 08:04am

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.

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