Specialty Program Group Acquires Assets of Beacon Hill Associates

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates Inc. (BHA), an environmental wholesale brokerage firm, including BHA’s PartnerOne (P1) environmental underwriting division. Terms of the acquisition were not disclosed.

Since 1990, BHA/P1 has been providing environmental liability insurance to insurance agents and brokers nationwide. Following the acquisition, current leadership will continue to run all aspects of the operation and will work closely with SPG leadership to launch their environmental platform.

Headquartered in Summit, N.J., SPG focuses on expanding program underwriting and specialty businesses.

Source: Specialty Program Group LLC