Scouting report · RYAN
Timothy W. Turner
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 2026Delivers 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
- 2024 – nowRyan 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) - 2021 – 2024
- 2010 – 2024RT 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) - 2012 – now
- 2000 – 2010CRC 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 - 1987 – 2000A.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- Filing Ryan Specialty Holdings DEF 14A (accession 0001849253-26-000013) · 2026-03-17
- Filing Ryan Specialty Holdings 8-K Item 5.07, 2026 annual meeting results (0001849253-26-000029) · 2026-05-01
- Filing Ryan Specialty Holdings 8-K Item 5.02, leadership succession plan (0000950170-24-079273) · 2024-07-01
- Filing Ryan Specialty Holdings 8-K Item 5.02, Co-Presidents appointed, President Bickham departs (0001849253-25-000008) · 2025-10-08
- Filing Ryan Specialty Holdings 8-K Item 1.01, Executive Chairman Option Settlement Agreement (0001849253-26-000023) · 2026-04-30
- Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1849253 (FY2025 10-K, 0001849253-26-000006) · 2026-02-13
- 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
- Filing Form 4, Timothy W. Turner, Executive Chairman Stock Option grant of 2026-05-05 (0001870059-26-000003) · 2026-05-06
- 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
- Web search result WebSearch: Crain's Chicago Business, 'Pat Ryan's new firm raids CRC Insurance staff' (2010-05-06) · 2026-09-24
- 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