SUMMIT, N.J.--(BUSINESS WIRE)--Specialty Program Group, a leading holding company for specialty insurance brokers and underwriting facilities, announced today that it has acquired the assets of Global Marine Insurance Agency. Terms of the acquisition were not disclosed.
Based in Traverse City, Michigan, Global Marine is a national brokerage firm specializing in providing insurance solutions to the boating community including boats, yachts, mega yachts, personal watercrafts, marinas, boat dealers and commercial marine vessels.
“We are thrilled to be partnering with Global Marine and its management team,” said Chris Treanor, President and CEO of Specialty Program Group. “They have a strong team and a great national reputation. They are leaders in the marine insurance field and together we can continue to help them grow and serve their clients.”
“This partnership is very exciting, it will allow us to take our business to the next level,” said Global CEO Matt Anderson. “SPG has the resources, capital and expertise we need so we can continue to provide our customers with best in class solutions.”
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group focuses on expanding program underwriting and specialty businesses. For more information, please visit specialtyprogramgroup.com.