Global Marine Insurance achieves growth through acquisition
US-based Global Marine Insurance Agency (GMIA) a specialty marine brokerage and program administrator, which is part of Specialty Program Group, has expanded its team by almost 20 through its acquisition of Norman-Spencer Marine.
Mark Yearn, RJ Lorenzi and Paul Sexton, along with 15 marine insurance staff, joined GMIA when Specialty Program Group acquired Norman-Spencer Marine. They will continue to manage their respective offices and programs.
Since the acquisition, GMIA is now the largest marine specialty brokerage in the US.
“We are thrilled to have these industry veterans and their staff join our rapidly expanding marine insurance business,” said Matt Anderson, president of GMIA. “Their long term marine relationships, key staff, and proprietary insurance programs fit nicely within our strategic vision.”
GMIA specializes in providing insurance products for personal watercraft spanning from jet skis to super yachts, and commercial marine risks for marine manufacturers, boat dealers, yacht clubs, marina operators and all related coverages.
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