Specialty Program Acquires Assets of PPIB in California

June 4, 2018 - Specialty Program Group LLC has acquired the assets of Novato, Calif.-based Professional Program Insurance Brokerage.

Terms of the deal were not disclosed.
 
Susan Preston, president of PPIB, will continue to run the acquired operations.
 
PPIB is a niche managing general underwriter specializing in providing solutions for emerging risks including cannabis, medi spas, e-cigarettes, tattoo shops, beauty salons, carnivals, pyrotechnics, smoke shops and permanent cosmetics.
 
Summit, N.J.-based SPG focuses on expanding program underwriting and specialty businesses.