Specialty Program Group

SPG uses a partnership model for acquisitions, customizing the deal structure for each business. The firm provides centralized resources including actuarial, claims, digital strategy, finance, legal, and operations support while leaving the acquired agency's brand and management in place. Its M&A page actively solicits partners and offers a downloadable M&A guide.

SPG acts as both a managing general agent (MGA) and a wholesale broker. Its underwriting division designs proprietary insurance programs and binds coverage on behalf of carrier partners. The wholesale and specialty retail divisions operate as intermediaries, placing business for independent agents with those same carrier markets and other standard lines carriers.

SPG underwrites programs for several hard-to-place sectors: crane and elevator contractors, private security firms, environmental liabilities, cannabis operators, last-mile delivery fleets, moving and storage companies, grocery and food retail, and recreational marine risks including marinas and yacht clubs. Many of these programs are exclusive to SPG's agency partners.

Yes, SPG owns two prominent digital platforms. Insureon is the largest independent online commercial insurance agency for U.S. small businesses. Squaremouth is a travel insurance marketplace that has served over 3 million clients with quotes from more than 20 carriers. Both operate as distinct digital subsidiaries within the Digital division.

SPG organizes its portfolio into six divisions: Underwriting (proprietary MGA programs), Wholesale (brokerage placing specialty lines for agents), Digital (e-commerce for small commercial and travel), Specialty Retail (brokerage focused on entertainment, sports, and marine), Benefits (ancillary employee benefits and captive consulting), and Life & Annuity (advanced life insurance and annuity brokerage). Each division contains multiple distinct operating brands.

Yes, through its Services division, Specialty Captive Group guides clients from feasibility through formation and management of captive insurance companies. The practice is part of SPG's broader services offering, which also includes claims management and disaster recovery consulting.

SPG's wholesale operations reach all 50 U.S. states, with a notable East Coast concentration. International Special Risks (ISR), for instance, has offices from Maine to Florida and is described as the largest marine intermediary broker on the East Coast. The firm also maintains wholesale offices in the Midwest and Pacific Northwest.