Ryan Specialty Group Finalizes Acquisition of Pennsylvania-based Program Manager
- October 17, 2019
Ryan Specialty Group Finalizes Acquisition of The Suitelife
October 15, 2019, CHICAGO, IL – Ryan Specialty Group, LLC, is pleased to announce that it acquired the assets and operations of The Suitelife (Suitelife), a program manager specializing in boutique hotels, premier and full service hotels, hotel management companies, condo hotels, and resorts from Venture Insurance Programs. Suitelife is based in West Chester, PA and is now a part of RSG Underwriting Managers, LLC (RSGUM), the managing general underwriting unit of Ryan Specialty Group (RSG). This transaction was previously announced on August 22, 2019.
Founded in 2010, Suitelife is a premier program manager that offers package, liability, property, umbrella, auto and workers’ compensation coverages to hotels, resort properties and private resort communities. Their program management includes underwriting, design, administration and marketing and is distributed through independent agents and brokers. The Company has underwriting authority with multiple A.M. Best highly rated carriers including Zurich, Allianz and others.
Terms of the transaction were not disclosed.