Specialty Program Group, a holding company for specialty insurance underwriting facilities, has acquired the assets of Paul Hanson Partners and its affiliate, PHP International.
Terms of the deal were not disclosed.
Napa, Calif.-based PHP is a national program administrator specializing in providing risk management and insurance solutions to the transportation industry, specifically the moving and storage and last mile delivery segments.
PHP operates under the Movers Choice and Biz Choice brands.
Summit, N.J.-based Specialty Program Group focuses on expanding program underwriting and specialty businesses.
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
