RT Specialty, the wholesale brokerage unit of Ryan Specialty Group, has announced Scott Smith’s intention to retire from the company.
He currently serves as President, Northeast Region and Managing Director.
Smith joined RT Specialty with the acquisition of his company, S. H. Smith & Company, in September, 2013.
He and his team expanded RT Specialty’s presence in the Northeast and Midwest as well as the RT Binding Authority operations.
Commenting on Smith’s contribution to RSG, Patrick G. Ryan, Founder, Chairman and CEO, said, “Scott Smith has been a vital contributor as a Senior Executive during our companies’ rapid growth over the last seven years.
“I am personally very grateful for his wise counsel while bringing superb leadership during our formative years. We wish him all the best.”
Timothy W. Turner, Chairman & CEO of RT Specialty, added, “Scott has been a wonderful partner and a great leader, both in our binding strategy as President of National Binding Authorities, as well as directing our Hartford office and all of New England, where he has been President since joining the firm.
“It has been a pleasure working with Scott over these past seven years. We will sorely miss him and wish him well in this new phase of his life.”
Reflecting on his career, Smith remarked, “I have had the great pleasure of building two successful operations. After starting my career as an underwriter for a top-ten insurer, I was able to establish, with the help of great people, a very successful independent wholesaler.
“I sold my firm to RT Specialty and found myself working in a dynamic organization with people eager to build a best-in-class organization.
“Seven years have flown by, and I find myself the head of a very successful division within an exciting firm. I believe RT Specialty will continue its meteoric growth in my absence. I would like to thank all the people who helped make my career the pleasurable experience it is.”
