CRC defections to Ryan followed failed MBO bid
The audacious hire of some 200 executives from US wholesaler CRC by Pat Ryan earlier this year followed a failed management buy-out approach by CRC's senior executives, The Insurance Insider can reveal.
The mass walkout to Ryan's newly launched wholesaler, R-T Specialty, came after senior staff at CRC, including CEO Tom Curtin and president Timothy Turner, approached parent company BB&T to discuss the possibility of a management buyout.
The US bank rebuffed the CRC execs, according to sources, because it...
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