Ryan Specialty Group (RSG) has announced the completion of its acquisition of the assets and operations of wholesale insurance brokerage Atlantic Specialty Lines, Inc. (ASL).
ASL is headquartered in Richmond, Virginia, and has additional offices in Illinois, Florida, Louisiana, New York, Pennsylvania, and Texas.
The ASL team now forms part RSG’s wholesale brokerage unit, RT Specialty, expanding its footprint in the Mid-Atlantic and Southeast regions.
Furthermore, RSG claims that the acquisition will be an important factor in the national expansion of the RT Binding Authority strategy.
The transaction was originally announced on May 8, 2019, with no further terms disclosed.
Founded in 1996, ASL focuses on lines of business such as general liability, commercial property, commercial package, professional liability, and personal lines.
It has serviced a long-tenured network of retail broker and agent clients through the Southeast and Mid-Atlantic, offering customised services and specialty expertise.