Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas.
The ASL team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will expand RT Specialty’s footprint in the Mid-Atlantic and Southeast regions.
Atlantic Specialty Lines was founded in 1996 and serves retail brokers and agents throughout the Southeast and Mid-Atlantic. It has focused on general liability, commercial property, commercial package, professional liability and personal lines.
Tim Turner, chairman and CEO of RT Specialty, called ASL “the perfect player to expand in the Mid-Atlantic and Southeast.”
Source: Ryan Specialty Group
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