Specialty Program Group Acquires Norman-Spencer’s Marine/Crane Business

Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has acquired the assets of Ohio-based Norman-Spencer Agency’s (NSA) crane program, personal lines watercraft program and commercial lines recreational marine program divisions. Terms of the acquisition were not disclosed.

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.

NSA’s specialized crane and boom underwriting facilities are recognized industry leaders and are based in Eastern Pennsylvania.

Specialty Program Group is headquartered in Summit, New Jersey.

Source: Specialty Program Group