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.
For more information, please contact:
Jim Shaffer, EVP, Sales and Marketing: firstname.lastname@example.org, 877.409.8069 x237
Joe Dolce, EVP, Underwriting: email@example.com, 877.409.8069 x244
About Ryan Specialty Group
Ryan Specialty Group, LLC, is a leading international specialty insurance organization designed specifically for brokers, agents, and insurers which includes highly specialized managing general underwriting companies (within RSG Underwriting Managers) and a wholesale brokerage firm (RT Specialty). For more information, please visit ryansg.com.
About RSG Underwriting Managers, LLC
RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of Ryan Specialty Group and consists of a series of specialty managing general underwriters (MGU). Each MGU provides expertise in distinct and challenging market niches. RSGUM provides centralized governance, shared services and executive oversight to its specialty underwriting businesses. For more information, please visit rsgum.com.
About Suitelife Underwriting Managers
Suitelife Underwriting Managers, is a series of RSG Underwriting Managers, LLC. RSG Underwriting Managers is a Delaware Series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through agents and brokers. Some products may not be available in all states or may be available only from surplus lines insurers. In California: RSG Insurance Services, LLC License #0E50879. ©2019 Ryan Specialty Group, LLC. For more information, please visit suitelifeum.com.