Leisure, Sports activities and Occasions Insurance coverage
SUMMIT, N.J., July 11, 2022 /PRNewswire/ — Specialty Program Group LLC (SPG), a number one operator of specialty insurance coverage brokerages and underwriting amenities, introduced at this time the acquisition of ESP Insurance coverage Brokerage LLC (ESP), a nationwide insurance coverage dealer and program administrator for the sports activities, occasions and promotion advertising and leisure industries.
Headquartered in Worcester, Massachusetts, ESP presents nationwide coverages and has unique applications with in-house underwriting and binding authority and A+ rated carriers. Area of interest options embody athletic insurance coverage for groups/leagues, camps, and tournaments, insurance coverage for leisure, leisure and sports activities amenities, occasion legal responsibility and cancellation, prize indemnity, climate insurance coverage, liquor legal responsibility and particular occasion legal responsibility.
ESP was shaped over 5 years in the past and has grown steadily within the sports activities and leisure market. In 2021, over 850,000 youth contributors had been lined by ESP and the agency had over $1.5B in insured limits overlaying particular occasions of every type.
“ESP is on monitor to turn out to be a number one supplier of protection for the sports activities and leisure trade,” stated SPG President & CEO, Christopher Treanor. “They are a good complement to our portfolio of specialty corporations and match with our mannequin of buying corporations with area of interest experience and a deal with customer support, together with providing on-line providers that make it quicker and simpler to get insurance coverage protection.”
“Merely said we’re right here to construct a winner for SPG. The crew at ESP is past excited to affix SPG and proceed to scale each our product choices, our service crew and technological capabilities to shoppers. We weren’t trying to be acquired however in speaking with Christopher Treanor and the SPG crew they’d a imaginative and prescient and a plan for the operation that made it unimaginable for us to not be a part of the household on the go ahead.” stated Chris Value, President of ESP Insurance coverage Brokerage and SHEL Danger Buying Group.
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group is a completely licensed holding firm established to accumulate and scale best-in-class insurance coverage underwriting amenities and specialty companies all through North America. SPG has 17 portfolio corporations and is over 1.8 billion in premium. For extra data, please go to www.specialtyprogramgroup.com.
About ESP Specialty Insurance coverage Brokerage
ESP Specialty Insurance coverage Brokerage is headquartered in Worcester, MA and operates nationwide as an insurance coverage dealer and program administrator, solely growing and managing insurance coverage product strains for A+ rated carriers for over 10 years. For extra data, please go to www.espspecialty.com
CONTACT:
Media: Chris Lamitola
Telephone: 908-790-6749
[email protected]
M&A: Chris Treanor
Telephone: 908-790-6884
[email protected]
SOURCE Specialty Program Group