Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerage and underwriting facilities, has acquired the assets of Catapult Insurance Solutions.
Catapult is a privately-held managed full-service insurance agency and wholesale broker for niche industries and hard-to-place risks. The company is led by President Tim Sanderman.
In addition, Catapult’s largest mandate program provides home builders, commercial general contractors, and trade contractors with best-in-class products including general liability, umbrella, builder risk, contractor equipment, and workers’ compensation. and is dedicated to serving you.
In addition, Catapult is also a coverholder for Lloyds, covering coastal and other high-risk assets, specialist contractor GLs, deductible buydowns, commercial DIC (EQ & Flood), and hard-to-locate contractor equipment risks. provide a solution for
Christopher Trener, President and CEO of SPG, commented: Their deep expertise in construction will expand SPG’s offerings and accelerate our growth in this growing industry. “
Catapult President Tim Sunderman said: Our company shares an entrepreneurial spirit that has made the specialty distribution space so dynamic and engaging.
“Their management philosophy allows us a significant degree of autonomy, which was very important in choosing our business partners. capabilities, expand our geographic footprint, and ultimately benefit our current and future distribution partners through enhanced products and services. I am encouraged.”
Meanwhile, earlier this year, SPG Acquires ESP Insurance Brokerage – A national broker and program manager for the sports, events, promotional marketing and entertainment industries.