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Ryan Specialty Group to acquire Pennsylvania-based program manager

Ryan Specialty Group LLC has agreed to acquire the assets and operations of The SuiteLife from Pennsylvania-based Venture Insurance Programs for undisclosed terms.

The SuiteLife is a program manager that offers package, liability, property, umbrella, auto and workers' compensation to hotels, resort properties and private resort communities. It specializes in boutique hotels, premier and full service hotels, hotel management companies, condo hotels and resorts.

Following the transaction, The SuiteLife will become part of Ryan Specialty Group's managing general underwriting unit, RSG Underwriting Managers LLC.