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.
KPMG Australia Scandal Widens After it Confirms Optus Data Was Misused 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
NAIC Victim of Cyber Incident Via PeopleSoft System 
