RSG acquires program manager The Suitelife

Eloise Hanson By Eloise Hanson
27 August 2019 | Updated 27 August 2019

US: Insurance company Ryan Specialty Group (RSG) has announced it will acquire the assets and operations of The Suitelife from Venture Insurance Programs.

Pennsylvania-based Suitelife was founded in 2010, and is a program manager that specialises in boutique hotels, premier and full-service hotels, hotel management companies, condo hotels and resorts.

Suitelife will become part of RSG Underwriting Managers (RSGUM), the managing general underwriting unit of RSG.

RSG said that Suitelife offers package, liability, property, umbrella, auto and workers' compensation coverage, as well as underwriting, design, administration and marketing services distributed through independent agents and brokers.

Michael D. Rice, chairman and CEO of RSGUM said: "We are excited to have The Suitelife become a member of the RSGUM family. This business is a leader in their highly specialised market niche and, with its proven talent and leadership, will be an excellent complement to our MGUs."

Suitelife practice leader, John Welty, added: "We are thrilled for our team to become part of Ryan Specialty Group and their underwriting organisation, RSGUM. The culture and support offered by RSGUM will expedite our efforts in our future growth initiatives, including the development of new programs and markets. We're very much looking forward to our future with RSG."

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