Specialty Program Group acquires CM&F Group

Specialty Program Group (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of CM&F Group, a digital provider of healthcare liability insurance coverage for individuals and groups.

CM&F, formerly Cotterell, Mitchell & Fifer, was founded in 1919 as a property & casualty insurance broker in downtown Manhattan. In 1947, CM&F developed the first nursing professional liability policy. This policy would become the foundation of the business today. Over the past 70 years, CM&F has continued to innovate and offer millions of healthcare professionals superior liability insurance protection.

The acquisition is aligned with SPG's strategy to become an industry leader in digital insurance for specialty markets, it said.

"SPG is poised to be at the forefront of digital transformation by providing solutions and market fulfillment in the digital space," said SPG president & CEO Christopher Treanor (pictured). "CM&F is a growing industry leader when it comes to ease of use, speed, and efficiency and aligns perfectly with our strategy of acquiring specialty, online providers."

Jay Sullivan, CEO of CM&F Group and who, together with his two brothers, Calvin and William, is a third generation family owner, added: "CM&F is thrilled to be partnering with a company whose core values of entrepreneurship, integrity, teamwork, accountability and service align directly with those of our current and previous business leaders. We believe in our mission and the team at SPG who will be there to support us."

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