Specialty Program Group L.L.C., a holding company for specialty brokerages and underwriting facilities, said Monday it has acquired the assets of Novato, California-based Professional Program Insurance Brokerage, a managing general agency whose specialties include cannabis.
Summit, New Jersey-based Specialty Program said in its statement that terms of the acquisition were not disclosed. It said in addition to cannabis, other Professional Program specialties include medical-oriented spas, e-cigarettes, tattoo shops, beauty salons, carnivals, pyrotechnics, smoke shops and permanent cosmetics.
It said the company’s president, Susan Preston, will continue to run the operation after the deal closes.
Specialist managing general agent Ascent Underwriting L.L.P. has extended its CyberPro Regulatory Billings product to cover social engineering and computer crime, and also now offers its cyber modules of coverage with no deductible, the London-based firm said Monday.