Deal Snapshot
SPECIALTY PROGRAM GROUP ACQUIRES MARINE AND CRANE INSURANCE BUSINESS FROM NORMAN-SPENCER AGENCY
Monday 16 April 2018

US-based insurance holding company for specialty brokerages and underwriting facilities Specialty Program Group, LLC has acquired the assets of Norman-Spencer Agency's crane programme, personal lines watercraft program and commercial lines recreational marine program divisions, the company said.
With offices across the country, NSA's personal lines watercraft program and commercial lines recreational marine program divisions focus on providing solutions for personal and commercial recreational marine risks including personal watercraft, yachts, marinas, boat dealers, yacht brokers, boat repair businesses, and yacht clubs.


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Details
Date Published: 16/04/2018
Target: Norman-Spencer Agency/crane programme, personal lines watercraft program and commercial lines recreational marine program divisions
Country: USA
Sector: Norman-Spencer Agency´s
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Norman-Spencer Agency
Buyer: Specialty Program Group
Comment:
Terms of the deal were not disclosed

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