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.”
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