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 marketing and leisure industries.
Headquartered in Worcester, Massachusetts, ESP provides nationwide coverages and has unique packages 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 have been coated by ESP and the agency had over $1.5B in insured limits masking particular occasions of every type.
“ESP is on observe to grow to be a number one supplier of protection for the sports activities and leisure business,” stated SPG President & CEO, Christopher Treanor. “They seem to be a good complement to our portfolio of specialty firms and match with our mannequin of buying firms with area of interest experience and a deal with customer support, together with providing on-line companies that make it quicker and simpler to get insurance coverage protection.”
“Merely acknowledged we’re right here to construct a winner for SPG. The staff at ESP is past excited to hitch SPG and proceed to scale each our product choices, our service staff and technological capabilities to shoppers. We weren’t seeking to be acquired however in speaking with Christopher Treanor and the SPG staff they’d a imaginative and prescient and a plan for the operation that made it not possible for us to not be a part of the household on the go ahead.” stated Chris Worth, President of ESP Insurance coverage Brokerage and SHEL Threat Buying Group.
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group is a totally 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 firms and is over 1.8 billion in premium. For extra info, 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, completely growing and managing insurance coverage product traces for A+ rated carriers for over 10 years. For extra info, please go to www.espspecialty.com
Media: Chris Lamitola
M&A: Chris Treanor
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SOURCE Specialty Program Group