Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of CM&F Group, a digital provider of healthcare liability insurance coverage for individuals and groups.
CM&F, formerly Cotterell, Mitchell & Fifer, was founded in 1919 as a property/casualty insurance broker in downtown Manhattan. In 1947, CM&F developed the first nursing professional liability policy. This policy would become the foundation of the business today. Over the past 70 years, CM&F has continued to offer healthcare professionals liability insurance protection.
The acquisition by SPG will enable CM&F to focus on expanding its core business by providing operational, HR support, access to markets and expanding its digital footprint.
Headquartered in Summit, New Jersey, Specialty Program Group is a fully licensed holding company established to acquire and scale insurance underwriting facilities and specialty businesses throughout North America.
Source: Specialty Program Group
Was this article valuable?
Here are more articles you may enjoy.
FCC Bans Wireless Router Imports, Citing Security Concerns 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance 
Iran-Linked Hackers Restore Website After US Seizes Domains 
