Specialty Program Group (SPG) Market Research Report

Company Overview

Name: Specialty Program Group, LLC

Mission: To build a world-class specialty insurance intermediary by acquiring best-in-class underwriting and specialty businesses, providing the resources necessary for growth.

Foundation and Founders: Founded in 2015. No specific information about individual founders.

Key People:

Chris Treanor - CEO & President

Maryellen Dolan - Chief Operating Officer

Jonah Lipin - Chief Marketing Officer

Ryan Barnes - Chief Financial Officer

Chris Lamitola - Chief Sales Officer

Matt Pinkham - Chief Legal Officer

Dennis Kane - EVP, Director of Program Underwriting

Danny Fogel - VP of Mergers & Acquisitions

Brandon Heutmaker - VP & Actuary

Emily Landa - VP, Human Resources

Eli Orozco - VP, Marketing

Elizabeth S. Thimme - VP Digital Strategy & Implementation

Curtis Johnson - Senior VP of Claims

Jennifer Spindler - Chief Product Officer

Headquarters: Summit, New Jersey, USA

Number of Employees: 600+

Revenue: No specific revenue figures are available.

Known For: SPG is known for being a leading operator in specialty insurance brokerage, underwriting, and consulting facilities across North America.

Products

Insurance Programs and Solutions

Wholesale Programs

Offers comprehensive solutions for various specialty areas like healthcare, environment, and professional liability.

Managing General Agency (MGA)

Provides underwriting services across multiple sectors including transportation, cybersecurity, and construction risks.

Specialty Divisions Products

Digital: E-commerce driven insurance solutions.

Retail: Access to large broker networks.

Underwriting: Tailor-made solutions for niche markets.

Life/Health: Includes life, annuities, and disability products.

Services

Captive Insurance.

Digital transformation consulting.

Recent Developments

New Products & Features

SPG has launched several innovative insurance solutions including:

A high-limit product for renter-occupied housing units.

The HABX program focusing on habitational excess casualty.

Partnerships

The Mechanic Group, a Division of SPG, enhanced its program in partnership with Palomar Excess and Surplus Insurance Company.

BizCHOICE partnered with AmTrust Financial for solutions in the heavy bulk last-mile delivery and middle-mile transportation sectors.

Mover’s Choice transitioned to a single carrier solution with AmTrust Financial.

Acquisitions and Growth

Acquisition of Monarch E&S Insurance Services and its assets, including Anderson & Murison, to enhance personal umbrella insurance offerings.

Acquired assets of Catapult Insurance Solutions, expanding into construction insurance offerings.

Acquired AgencyONE to strengthen wealth management solutions.

Leadership and Operational Changes

Appointment of Jennifer Spindler as the new Chief Product Officer to expand SPG’s portfolio of specialty risk solutions.

Euclid Fiduciary expanded its management liability division with the hiring of Keith M. Lavigne as Chief Underwriting Officer.

Market Expansion

Consolidated operations of Beacon Hill Associates and Specialty Wholesale Insurance Solutions to improve environmental insurance solutions.

Launched a new retail extended service contract business through Global Marine Insurance Agency.

Strategic Growth

Formed a new wholesale division, Specialty Wholesale Insurance Solutions (SWIS), to expand market operations and offerings across multiple sectors.

Conclusion

Specialty Program Group (SPG) is strategically expanding its footprint in the insurance sector by leveraging partnerships, acquisitions, and innovative product offerings. With a focus on specialty insurance programs, SPG is well-positioned to continue its growth trajectory, signaling robust performance in underwriting and market leadership across North America.