Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. Terms of the transaction were not disclosed.
The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group. The deal expands RT Specialty’s footprint in the Mid-Atlantic and Southeast regions.
This transaction was previously announced in May.
ASL is headquartered in Richmond, Virginia, and has additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas.
Atlantic Specialty Lines was founded in 1996 to serve retail brokers and agents in the Southeast and Mid-Atlantic. The wholesaler focuses 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.”
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Dubai Flights Disrupted After Drones Injure Four Near Main Airport 
