Ryan Specialty CFO departs in executive leadership revamp; Turner named president
US-based Ryan Specialty Group (RSG) has reshuffled its executive leadership team in a move it hopes will help the company evolve and grow further by leveraging the expertise and strategic insights of its senior talent pool.
Tim Turner has been named president of the company, in addition to his role as chairman and CEO of Ryan Turner Specialty (RT Specialty), which he has led since its inception in 2010.
Jeremiah Bickham will replace Diane Aigotti as new chief financial officer (CFO), and Michael VanAcker will become new chief operating officer (COO) of RSG.
Bickham has been RSG's global treasurer & head of corporate development while VanAcker has been the COO of RT Specialty. Both joined the group in 2011.
Other senior appointments include Janice Hamilton as chief accounting officer of the group, Mark Melander as chief administrative officer, business services, and Noah Angeletti as treasurer.
Hamilton has been controller of RSG since 2018 and will retain these responsibilities. Melander joined RSG in September 2020 with the acquisition of All Risks where he was chief administrative officer. Angeletti has been vice president of treasury & corporate development for RSG and has been with the company since 2014.
All the changes will be effective from March 1.
Furthermore, the company has announced that Diane Aigotti, the current CFO and managing director, will retire from RSG following an orderly transition of her duties. She will continue to serve as an advisor to Patrick Ryan, the company’s CEO, until June 30, 2021.
Aigotti has been with the group since its inception in 2010 and has helped develop the foundation of Ryan Specialty Group.
Ryan, founder, chairman and CEO of RSG, said: “Each of the above outlined individuals that are stepping into their new leadership roles are very well respected not only within Ryan Specialty Group but with the larger stakeholder group of our company, including our clients, insurance carrier trading partners, our banking relationships, and throughout the wider insurance industry. I am very confident in the exceptional capabilities of each of them.”
He added: “Diane has been a loyal teammate for more than a decade at Ryan Specialty Group and has been a key contributor to our success. As our CFO, Diane helped guide the company with disciplined decision making and a remarkable track record of creating strategic value. Diane’s career accomplishments speak for themselves. I join the entire Ryan Specialty Group family in thanking Diane, celebrating her career, and wishing her all the best.”
Aigotti commented: “I am extremely proud of my eleven wonderful and rewarding years at RSG. I started as RSG’s third employee and had the honor of having a ringside seat as we built this Company into a leading international specialty insurance organization with over $1 billion in revenue and 3,300 talented teammates. I thank Pat Ryan personally for inviting me to join before RSG was even formed and taking me on this incredible journey. I am confident that Ryan Specialty Group is well positioned for its next phase of transformative growth under Pat, Tim and the rest of the senior leadership team.”
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