Specialty Program Group LLC has acquired the assets of Novato, Calif.-based Professional Program Insurance Brokerage.
Terms of the deal were not disclosed.
Susan Preston, president of PPIB, will continue to run the acquired operations.
PPIB is a niche managing general underwriter specializing in providing solutions for emerging risks including cannabis, medi spas, e-cigarettes, tattoo shops, beauty salons, carnivals, pyrotechnics, smoke shops and permanent cosmetics.
Summit, N.J.-based SPG focuses on expanding program underwriting and specialty businesses.
Was this article valuable?
Here are more articles you may enjoy.
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Hackers Breached Propulsion System of US-Bound Oil Tanker 
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports 
Warren, Hawley Press Insurers Over Closed, Unpaid Claims 
