Senior RT Specialty exec Scott Smith to retire at year-end

RT Specialty, a subsidiary of Ryan Specialty Group, has announced that senior executive Scott Smith will retire at the end of the year.

Smith joined RT Specialty in 2013 with the acquisition of his company, S.H. Smith & Company, then one of the largest privately owned specialty brokerages in the nation. Smith and his team expanded RT Specialty’s presence in the Northeast and Midwest, as well as the RT Binding Authority operations.

“Scott Smith has been a vital contributor as a senior executive during our company’s rapid growth over the last seven years,” said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty Group. “I am personally very grateful for his wise counsel while bringing superb leadership during our formative years. We wish him all the best.”

“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,” said Timothy W. Turner, chairman and CEO of RT Specialty. “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 life.”

“I have had the great pleasure of building two successful operations,” Smith said. “After starting my career as an underwriter for a top-10 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.”