Specialty Program Group (SPG) Acquires Squaremouth

Specialty Program Group Acquires the Assets of ESP Insurance Brokerage

July 11, 2022

Insurance

Specialty Program Group LLC (SPG), a holding company for specialty insurance brokerages and underwriting facilities, acquired the assets of ESP Insurance Brokerage LLC, a Worcester-based program administrator focused on sports, events and entertainment insurance. The deal adds niche products, in-house underwriting/binding authority and technology capabilities to SPG's portfolio and is intended to scale ESP's product offerings and service team as part of SPG's specialty insurance platform.

Specialty Program Group (SPG) Acquires the Assets of CM&F Group, Inc.

October 4, 2021

Insurance

Specialty Program Group LLC (SPG), a Summit, New Jersey–based holding company for specialty insurance brokerages and underwriting facilities, has acquired the assets of CM&F Group, a digital provider of healthcare professional liability insurance. The deal is intended to expand SPG's digital insurance capabilities and distribution in specialty healthcare markets while providing CM&F with operational support and access to additional markets.

Specialty Program Group Acquires Proper Insurance

February 27, 2026

Insurance

Specialty Program Group (SPG) has acquired Proper Insurance, a Bozeman, Montana-based provider of insurance solutions for short-term rental properties. The acquisition expands SPG's specialty property insurance platform into the short-term rental market; Proper will be led by Michael Grimland as President and continues to offer coverage backed by Lloyd's of London and Concert Specialty.

Specialty Program Group Acquires Assets of Insurance Allies LLC

November 9, 2023

Insurance

Specialty Program Group LLC (SPG) has acquired the assets of Insurance Allies LLC, the operator of AxeThrowingInsurance.com and related niche insurance brands. The acquisition brings Insurance Allies' tailored sports and entertainment coverage (serving ~700 venues) into SPG’s specialty insurance platform to expand its capabilities in sports, entertainment and recreational venue insurance.

Specialty Program Group Acquires the Assets of Catapult Insurance Solutions

November 2, 2022

Insurance

Specialty Program Group LLC (SPG), a Summit, New Jersey-based operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Catapult Insurance Solutions, a managing general agency and wholesale brokerage focused on construction and hard-to-place risks. The deal expands SPG's capabilities in the construction segment and adds Catapult's Lloyd's coverholder capacity and niche program infrastructure.

Specialty Program Group Acquires Business Underwriters Associates (BUA)

December 6, 2022

Financial Services

Specialty Program Group, LLC (SPG) has acquired the assets of Business Underwriters Associates, LLC (BUA), a Northeast Ohio-based brokerage general agent specializing in life, annuities, disability and health insurance. The deal is the second acquisition in SPG's strategy to build a BGA-driven life and annuity wholesale platform alongside its prior acquisition of Brokers' Service Marketing Group (BSMG).