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Ryan Specialty closes acquisition of Pennsylvania-based program manager

Ryan Specialty Group LLC completed its acquisition of the assets and operations of West Chester, Pa.-based The Suitelife from Venture Insurance Programs.

Terms of the deal were not disclosed.

As a result of the transaction, The Suitelife became a part of Ryan Specialty's managing general underwriting unit, RSG Underwriting Managers LLC.

The acquired entity is a program manager specializing in boutique hotels, premier and full-service hotels, hotel management companies, condo-hotels, and resorts.