Specialty Program Acquires Assets of PPIB in California

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.