Specialty Program Group buys environmental wholesale brokerage Beacon Hill
New Jersey-based Specialty Program Group (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates (BHA), an environmental wholesale brokerage firm, including BHA’s PartnerOne environmental underwriting division.
Virginia-based BHA provides environmental liability insurance to insurance agents & brokers.
Following the deal, BHA's current leadership will continue to run all aspects of the operation and will work closely with SPG leadership to launch their environmental platform.
“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," said Chris Treanor, president and CEO of SPG. "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.”
Bill Pritchard, CEO of BHA, added: “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.”
