Ryan Specialty Group, LLC, is pleased to announce that it acquired the assets and operations of Atlantic Specialty Lines, Inc. (ASL) on June 1, 2019. ASL is headquartered in Richmond, VA and has additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL team is now a part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group, and expands RT Specialty’s footprint in the Mid-Atlantic and Southeast regions. Additionally, it is a major factor in the national expansion of the RT Binding Authority strategy. This transaction was previously announced on May 8, 2019.
Atlantic Specialty Lines was founded in 1996 and has serviced a strong, long-tenured network of retail broker and agent clients throughout the Southeast and Mid-Atlantic. ASL is known for its ability to offer customized service, specialty expertise, and access to high quality carrier markets with extraordinary responsiveness. Lines of business in which the wholesaler focuses include general liability, commercial property, commercial package, professional liability, and personal lines.
Terms of the transaction were not disclosed.