Ryan Specialty Group has announced the acquisition of the assets and operations of Atlantic Specialty Lines (ASL).
ASL is headquartered in Virginia and has locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL team will become part of RT Specialty, the wholesale brokerage unit of Ryan Specialty Group and the acquisition will expand RT Specialty’s footprint in the Mid-Atlantic and Southeast regions, the company said.
ASL was founded in 1996 and serves a network of broker and agent clients throughout the Southeast and Mid-Atlantic. The company is known for its customized service, specialty expertise, and access to high-quality carrier markets, Ryan Specialty Group said. ASL focuses on lines of business including general liability, commercial property, commercial package, professional liability and personal lines.
Terms of the transaction were not disclosed.