Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of The 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, Penn., and will become part of RSG Underwriting Managers LLC (RSGUM), the managing general underwriting unit of Ryan Specialty Group.
Founded in 2010, Suitelife is a program manager that offers package, liability, property, umbrella, auto and workers’ compensation coverages to hotels, resort properties and private resort communities. Its program management includes underwriting, design, administration and marketing and is distributed through independent agents and brokers.
Source: Ryan Specialty Group LLC
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