RSG acquires US broker

Ryan Specialty Group’s (RSG) wholesale brokerage, R-T Specialty has acquired excess and surplus broker Tennessee Underwriters.

TUI was formed in 1980 to provide property and casualty insurance products to independent insurance agents in Tennessee.

Timothy Turner, RT president & chief executive officer, said: “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.”

Donna Guest, Tennessee Underwriters owner and president, added: “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.”