The Front Office

Scouting report · RYAN

Timothy W. Turner

  • Chief Executive Officer & Director, RYAN since 2024-10src

Co-founded RT Specialty with Pat Ryan in 2010; CEO of Ryan Specialty since Oct 2024

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design67revenue, margin, individual, tsr, time only · 99.98% for · 2.29% of net income
Skin in the game—no holding or price on file
Age
65src
In the role
2 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 4

  • Controlled company: founder Patrick G. Ryan holds 77.1% of combined voting power, can nominate every director, and as Executive Chairman gives the CEO day-to-day oversight. Turner runs the business under the foundersrc
  • 2025 missed the bonus plan: organic growth was 10.1% against a 13-15% target and adjusted EBITDAC margin 30.97% against 33.5-33.7%. The corporate bonus paid about 31% of targetsrc
  • Leadership churn under him: President Jeremiah Bickham, named at the 2024 succession, left in October 2025 after one year ($3.8m severance) and was replaced by two Co-Presidentssrc
  • His 2025 total pay ($1.45m) is low because he took no bonus and got no equity grant in 2025. His next award, 168,577 options granted in May 2026, is time-vested and is funded from Ryan's own sharessrc

In their favour 1

  • He and Ryan gave up their whole 2025 bonus and asked that it go to non-executive staff; the committee paid them 0%src

Career

  1. 2024 – now
    Ryan Specialty Holdingssrc
    Chief Executive Officer
    Took over from founder Patrick G. Ryan on 2024-10-01; Ryan stayed on as Executive Chairman with day-to-day oversight of the CEO (8K-2024-07-01)
  2. 2021 – 2024
    Ryan Specialty Holdingssrc
    President
  3. 2010 – 2024
    RT Specialty (R-T Specialty), Ryan Specialty's wholesale brokeragesrc
    Co-founder, Chairman & CEO
    RT (Ryan-Turner) Specialty founded 2010-03-02 by Ryan and Turner; he had joined Ryan Specialty Group as a managing director in February 2010 (WS-court-2010)
  4. 2012 – now
    Ryan Specialty (board)src
    Director
  5. 2000 – 2010
    CRC Insurance Services, Inc.src
    Various roles, President at departure
    Proxy says ten years at CRC; the court record dates his resignation to about 2010-01-22 (WS-court-2010). The 2000 start is counted back from that, not stated
  6. 1987 – 2000
    A.J. Renner & Associates, then the Crump Groupsrc
    Casualty broker; later President of Crump's Chicago office
    Proxy dates only the 1987 start at A.J. Renner; the Crump years are not dated

Not located: Years at A.J. Renner vs. the Crump Group (1987-2000) not dated in any source; his law-enforcement service before 1987 is undated

Achievements

  • Co-founded RT Specialty with Pat Ryan in March 2010 and ran it as Chairman & CEO until 2024; it is the wholesale brokerage at the core of Ryan Specialtysrc
  • Brought a large group of CRC colleagues with him in 2010: more than 100 CRC employees resigned to join R-T Specialty around 2010-05-04src
  • Named Distribution Leader of the Year by the Insurance Insider in 2020src
  • Named CEO in the June 2024 succession plan, with the founder staying on as Executive Chairmansrc
  • Holds about 2.17m Class A shares and LLC units combined, about 0.8% of the fully exchanged share countsrc

Education

  • Madonna University, BS Criminal Justicesrc

Background

  • Family The proxy states no family relationships between him and any director or executive officer. The only family ties it lists are Patrick G. Ryan's son (a director) and his niece's husband (Co-President Mulshine)src
  • Service Before insurance: graduated from the Detroit Police Academy, served on the Wayne County SWAT team and was an undercover narcotics officer with the Michigan State Police Narcotics Cocaine Task Forcesrc
  • Legal 2010: he sued CRC in Los Angeles Superior Court for a declaration that his restrictive covenants were unenforceable, and former CRC staff who followed him filed similar suits in Chicagosrc
  • Legal 2010: a federal judge in Chicago refused CRC's request for an injunction against the staff who had moved to R-T Specialty, finding the harm to them outweighed the harm to CRCsrc
  • Other Industry honours listed in the proxy: the 2019 'Good Scout' award from the Boy Scouts of America Greater New York Councils and the 2021 Spirit of Life Award from City of Hope's National Insurance Industry Councilsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

11
  1. Filing Ryan Specialty Holdings DEF 14A (accession 0001849253-26-000013) · 2026-03-17
  2. Filing Ryan Specialty Holdings 8-K Item 5.07, 2026 annual meeting results (0001849253-26-000029) · 2026-05-01
  3. Filing Ryan Specialty Holdings 8-K Item 5.02, leadership succession plan (0000950170-24-079273) · 2024-07-01
  4. Filing Ryan Specialty Holdings 8-K Item 5.02, Co-Presidents appointed, President Bickham departs (0001849253-25-000008) · 2025-10-08
  5. Filing Ryan Specialty Holdings 8-K Item 1.01, Executive Chairman Option Settlement Agreement (0001849253-26-000023) · 2026-04-30
  6. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1849253 (FY2025 10-K, 0001849253-26-000006) · 2026-02-13
  7. Filing Form 4, Timothy W. Turner (reporting CIK 1870059), Class C exchange and block sale of 2025-12-11/12 (0001870059-25-000003) · 2025-12-15
  8. Filing Form 4, Timothy W. Turner, Executive Chairman Stock Option grant of 2026-05-05 (0001870059-26-000003) · 2026-05-06
  9. Web search result WebSearch: N.D. Ill. case 1:10-cv-03313 (CRC Insurance Services v. former employees / R-T Specialty), opinion on govinfo.gov · 2026-09-24
  10. Web search result WebSearch: Crain's Chicago Business, 'Pat Ryan's new firm raids CRC Insurance staff' (2010-05-06) · 2026-09-24
  11. Web search result WebSearch: Chicago Business Litigation Lawyer Blog, 'Chicago Federal Judge Denies Injunction in Insurance Brokerage Restrictive Covenant Case' (2010-07-30) · 2026-09-24