RT Specialty

Name

RT Specialty

Legal name

RSG Specialty, LLC

Website

https://rtspecialty.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

akta.pro secondary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Wholesale insurance brokerage
• Specialty insurance distribution
• Excess and surplus lines
• Binding authority services
• Commercial insurance wholesale

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Commission Revenue: RT Specialty receives commissions or fees paid by an insurer for placing individual insurance policies. Some insurers agree to pay additional compensation based on annual volume, profit sharing, or other metrics in addition to fees and/or commission for placing individual insurance policies.
2. Client Fees: Fees paid by a client in lieu of, or in addition to, commissions. RT Specialty or its affiliates may also receive commissions or fees paid as an underwriting manager, reinsurance intermediary, premium finance company, claims adjuster, consultant, or service provider.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

RT Specialty is an independent wholesale insurance brokerage that distributes specialty insurance products and services to retail brokers and agents across the United States. The firm places complex and non-standard risks through its national wholesale brokerage platform covering 20+ specialty lines including property, casualty, professional and executive liability, transportation, workers' compensation, cyber, marine, surety, and public entity, on both open market and delegated authority bases. Operations are supported by RT Binding Authority for small-to-medium binding placements and the proprietary RT Connector digital marketplace enabling real-time bindable quotes across 25+ carriers.

Product overview

RT Specialty is a wholesale distributor of specialty insurance products and services operating as the wholesale brokerage specialty of Ryan Specialty (NYSE: RYAN). The company operates a platform-plus-services model combining digital technology with expert brokerage. The core product portfolio includes wholesale brokerage across 20+ specialty lines (Property, Casualty, Personal Lines, Professional & Executive Liability, Transportation, Workers' Compensation, Cyber, Marine, Surety, Environmental & Construction Professional, Transactional Risk, Public Entity, and sector-specific specialties), supplemented by RT Binding Authority for small-to-medium binding placements nationwide, and RT Connector as the digital marketplace platform enabling real-time bindable quotes from 25+ carriers across 8 lines of business. The company positions itself as a critical intermediary between insurance carriers and retail brokers, providing creative solutions through specialist brokers and underwriters.

Differentiator

Problem solved

Functional benefit

Brands

• RT Connector: Digital marketplace platform for wholesale insurance enabling retail agents to quote, bind, and manage specialty insurance through a streamlined digital experience
• RT Binding Authority
• RT ProExec
• Stetson Insurance Funding
• Ryan Specialty University

Products and services

• RT Specialty Property Wholesale property insurance brokerage handling catastrophe-exposed property, specialized risks, and standard property coverage for retail brokerage firms.
• RT Specialty Casualty Wholesale casualty insurance brokerage services including general liability, professional liability, and excess coverage solutions.
• RT Specialty Personal Lines / Private Client Wholesale personal lines insurance brokerage including high net worth and ultra-high net worth personal lines, private client coverage, farm and ranch, and habitational risks.
• RT ProExec (Professional & Executive Liability) Wholesale brokerage handling D&O, E&O, cyber liability, and management liability products for financial institutions, IPOs, publicly traded companies, and other complex management liability exposures.
• RT Specialty Transportation Wholesale transportation insurance brokerage covering trucking, motor truck cargo, auto liability, and related commercial auto coverages.
• RT Specialty Workers' Compensation Wholesale workers' compensation insurance brokerage with broad appetite for underserved classes, multi-state capabilities, and 300+ classes available for quoting, with national and regional underwriting expertise.
• RT Specialty Cyber Wholesale cyber insurance brokerage providing coverage for ransomware, breach response, cyber crime, and business income with $3M capacity across hundreds of eligible classes.
• RT Specialty Accident & Health Wholesale accident and health insurance specialty brokerage services.
• RT Specialty Marine Wholesale marine insurance brokerage covering ocean cargo, inland marine, and related maritime coverages.
• RT Specialty Surety Wholesale surety bond brokerage services.
• RT Specialty Transactional Risk Wholesale transactional risk insurance brokerage for mergers, acquisitions, and other corporate transactions.
• RT ECP (Environmental & Construction Professional) Wholesale environmental and construction professional liability insurance brokerage services.
• Public Entity Casualty Program Public entity insurance program offering comprehensive casualty solutions for municipalities, educational institutions, and special service districts, with liability coverage up to $5,000,000 per occurrence, flexible structures including follow-form excess, retained limits, and reinsurance options, supported by an AM Best 'A X' rated carrier.
• RT Binding Authority Multi-line binding authority operation providing small-to-medium binding placements and programs on a national basis; underwriters provide solutions with authority enabling quick turnaround to secure coverage regardless of risk complexity. One of the largest binding authority platforms in the nation.
• RT Connector Cutting-edge digital marketplace and self-service platform enabling retail agents to quote, bind, and manage specialty insurance through a streamlined experience. Offers real-time bindable quotes across 25+ carriers and 8 lines of business including General Liability, Commercial Package, Property, Cyber, Excess Liability, Workers' Comp, Truckers, and Commercial Package, with smart document upload, integrated digital signatures, and robust API capabilities.
• Stetson Insurance Funding (Premium Finance) Premium finance solutions providing clients flexible financing options for insurance premiums.

Quantifiable outcome

• RT Connector enables quote-to-bind in approximately 10 minutes, streamlining the specialty insurance transaction process.
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Stewart Specialty Risk Underwriting Ltd.coreStrategic or Co-development Partner · 1 October 2025Ryan Specialty signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd., a Toronto-based managing general underwriter specializing in large-account high-hazard property and casualty. The acquisition represents a strategic expansion of Ryan Specialty's underwriting management capabilities.
• Aspen Insurance GroupminorChannel Partner/ Reseller/ Distributor · 1 October 2025Ryan Specialty expanded its underwriting partnerships to include Aspen Insurance Group, as reported in the October 2025 internal newsletter, strengthening carrier relationships in the specialty insurance market.
• J.M. Wilson CorporationcoreStrategic or Co-development Partner · 1 July 2025Ryan Specialty completed the acquisition of J.M. Wilson Corporation, a Michigan-based binding authority operation that became part of RT Binding Authority. The acquisition strengthens Ryan Specialty's binding authority capabilities as one of the largest binding authority platforms in the nation.
• Private Client Select Insurance Services LLC (PCS)coreChannel Partner/ Reseller/ Distributor · 7 August 2024Ryan Specialty entered into a distribution trading partnership with Private Client Select Insurance Services LLC (PCS), making Ryan Specialty the exclusive wholesale broker for PCS in US high and ultra-high net worth markets. Jason Lentz was promoted to President of RT Specialty High Net Worth to oversee expansion of the division's high net worth and ultra-high net worth personal lines practice.
• Bold PenguincoreTechnology or IntegrationBold Penguin announced a collaboration with RT Specialty to expand E&S commercial insurance policy offerings through their Terminal carrier platform, integrating RT Connector to provide agents with additional coverage options. The partnership addresses the growing demand for E&S insurance, improving operational efficiency for agents and providing business owners access to specialized coverage.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Brown & Riding: Brown & Riding is an independent wholesale insurance brokerage focused on specialty and E&S lines. It overlaps RT Specialty on large, complex property/casualty placements and shares the relationship-driven broker model.
• Amwins: Amwins is a major wholesale broker, MGU, and specialty underwriter with deep E&S relationships and broad specialty lines. It competes head-to-head with RT Specialty across property, casualty, professional lines, and binding authority placements.
• Burns & Wilcox: Burns & Wilcox is a national wholesale insurance broker and MGA serving retail agents with specialty and surplus lines. It mirrors RT Specialty's wholesale distribution model across personal, commercial, and professional specialty lines.
• CRC Group: CRC Group is one of the largest U.S. wholesale insurance brokers, specializing in E&S and specialty lines for retail agents. It is the most direct competitor to RT Specialty in scale, product breadth, and go-to-market focus, and is even named in RT Specialty's customer awards.
• RPS (Risk Placement Services): RPS is a large national wholesale insurance broker and binding authority operator, closely comparable to RT Specialty's RT Binding Authority. Both focus on placing E&S risks on behalf of retail agents across the U.S.

Broad incumbents

• IMA Financial Group: IMA Financial Group is a national insurance and risk management firm with wholesale and specialty brokerage capabilities. It competes with RT Specialty on specialty placement and binding authority while also serving broader commercial lines.
• Marsh: Marsh is a global insurance brokerage and risk advisory giant whose wholesale and specialty operations (including Bowring Marsh) overlap with RT Specialty's large-account property, casualty, and placement services. It is a much broader incumbent with international reach.
• Acrisure: Acrisure is a fast-growing, private equity-backed insurance brokerage platform offering retail, wholesale, and specialty solutions. Its growth-by-acquisition model and specialty focus make it a structural competitor to RT Specialty's consolidation strategy.
• Alliant Insurance Services: Alliant is a large national insurance brokerage offering retail, wholesale, and specialty services. While broader than RT Specialty, Alliant's specialty and binding authority units compete for many of the same retail broker relationships and E&S placements.
• Aon: Aon is a global professional services firm with substantial reinsurance and specialty brokerage operations. It overlaps RT Specialty in reinsurance intermediation and large specialty placements, though it operates at vastly larger and more diversified scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCew824sPCrKcGoeGBbwFF4A
• LinkedInlinkedin.com/company/rt-specialty
• Facebookfacebook.com/ryanspecialtygroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RT Specialty