BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
The philosophy of the wholesale brokerage team of R-T Specialty L.L.C., a unit of Ryan Specialty Group L.L.C., is to “work tirelessly for our clients until they have absolutely the best program and what they’re looking for,” said Terry McCann, R-T Specialty’s Chicago’s president and managing director. “We don’t stop until we get them what we need.”
R-T’s seven-person construction team handles its client’s toughest placements, “usually on a short fuse,” Mr. McCann said.
“We want to be excellent partners to our markets by advocating for the risk and looking for a fair deal from the insurance marketplace,” Mr. McCann said.
The team has grown from its inception in 2010 to more than $200 million in 2017 premium.
In a dead heat, R-T Specialty tied for Wholesale Brokerage Team of the Year in the 2018 U.S. Insurance Awards.
An example of this work is a large real estate owner and manager with an in-house general contracting firm that came to the team looking for a solution for a pipeline of 47 projects beginning in 24 months, with a total construction value of more than $4.8 billion. Each project had an average $100 million in construction costs, and the site locations were all over the United States.
The client needed a multiyear policy consistent with market-leading teams and conditions, dedicated limits of $50 million to $100 million for each project and added flexibility to account for when an outside general contractor would be used.
The team created a program that provided a turnkey approach for its client that included dedicated limits, agreed rates and consistent terms, and permitted a swift closing that eliminated any insurance-related construction delays, Mr. McCann said.
“Having a team was essential, because no one person can handle a risk this hard on their own,” said Mr. McCann.
• Breckenridge Insurance Group Inc.
• Brown & Riding Insurance Services Inc.
• Burns & Wilcox Brokerage
• R-T Specialty L.L.C., a unit of Ryan Specialty Group L.L.C. (two teams)
Business Insurance recognized achievements by outstanding executives and teams of professionals working in the field of risk management and commercial insurance at its inaugural U.S. Insurance Awards presentation in New York on March 8.