Specialty Program Group Acquires Proper Insurance

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 Squaremouth

April 4, 2023

Insurance

Specialty Program Group LLC (SPG) has acquired Squaremouth, a St. Petersburg-based travel insurance digital marketplace, to expand SPG’s digital distribution and e‑commerce capabilities in travel insurance. The acquisition brings Squaremouth’s digital quoting and comparison platform and large carrier portfolio into SPG’s portfolio (SPG is affiliated with Hub International in some reports).

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 (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 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 Assets of Disaster Recovery Services (DRS)

January 9, 2024

Professional Services

Specialty Program Group LLC (SPG), a Chicago-based specialty insurance platform, has acquired the assets of Disaster Recovery Services, LLC and its affiliate Disaster Recovery & Risk Solutions, LLC (collectively DRS). The acquisition expands SPG's capabilities into disaster preparedness, response and recovery consulting — including FEMA recovery, forensic accounting, construction project management, and grant administration — to better serve commercial and public-sector clients.