Michigan’s Global Marine Acquired by Specialty Program Group

Specialty Program Group, a holding company for specialty insurance brokers and underwriting facilities, has acquired the assets of Global Marine Insurance Agency.

Terms of the acquisition were not disclosed.

Based in Traverse City, Mich., Global Marine is a national brokerage firm specializing in providing insurance solutions to the boating community including boats, yachts, mega yachts, personal watercrafts, marinas, boat dealers and commercial marine vessels.

Headquartered in Summit, N.J., Specialty Program Group focuses on expanding program underwriting and specialty businesses.

Source: Specialty Program Group