SUMMIT, N.J. — Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, announced today that it has acquired the assets of Beacon Hill Associates, Inc. (BHA) a leading 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 a leader in providing environmental liability insurance to insurance agents & brokers nationwide. BHA/P1 takes pride in offering relevant coverage from quality carriers in a fast, efficient manner. Current leadership will continue to run all aspects of the operation and will work closely with SPG leadership to launch their environmental platform.
“We are thrilled to join the SPG team and build on our 30 years of leadership in the environmental insurance space. SPG’s commitment to specialized distribution and broad market reach make them a perfect partner to help us move our business forward. We are excited to develop new and better products for our clients, and to continue our commitment to the environmental insurance market as part of the SPG family,” Bill Pritchard, CEO of BHA.
“Partnering with an environmental specialist has always been high on SPG’s industry list but this segment of insurance requires in-depth knowledge of complex exposures, and finding the perfect team took time. We are excited to announce that we finally found it in our partnership with the BHA/P1 team. We will hit the ground running in launching our environmental platform and will focus on expanding our services and offerings to a broader spectrum of clients,” Chris Treanor, President and CEO of SPG.