BURBANK, Calif., Dec. 6, 2021 /PRNewswire/ — Monarch E&S Insurance coverage Providers (Monarch E&S), a division of Specialty Program Group LLC, which operates as SPG Insurance coverage Options in California, introduced at this time it has acquired the belongings of Anderson & Murison, Inc. (A&M), a number one specialist and supplier of standalone private umbrella insurance coverage protection.
A&M is a full-service nationwide surplus traces dealer and underwriter of specialty industrial and private traces insurance coverage dangers. A&M was integrated in 1965 and the enterprise started with a agency basis within the late 60’s “having the pen” for E&S carriers and turning into a Lloyds Coverholder. A&M now prides themselves on offering many on-line price, quote, and bind processes.
“A&M has an important fame in our business and deep specialization within the private umbrella area. A&M’s operation will praise Monarch’s present providing and permit us to offer for a extra strong private traces answer with digital capabilities,” Derek Borisoff, CEO of Monarch E&S, acknowledged. “We’re excited for the chance to supply A&M’s retail dealer shoppers extra merchandise in each private and industrial traces. Culturally, each corporations are an important match with a eager concentrate on offering the Royal Remedy to our prospects.”
Jim McCarthy, CEO of A&M, acknowledged, “Monarch is a corporation recognized for its superior service to retail brokers. This robust sense of customer support is shared by A&M. Our joint capability to meet retail brokers expectations will create an unbeatable mixture of merchandise and repair.”
About Monarch E&S Insurance coverage Providers, a Division of SPG Insurance coverage Options
Monarch E&S Insurance coverage Providers is constructed on treating its prospects with unmatched service and deep experience in industrial and private traces options. As a full-service MGA and wholesale dealer, retail insurance coverage brokers and brokers have entry to many alternative traces of enterprise via Monarch E&S. Being in enterprise for over 35 years has enabled Monarch E&S to achieve underwriting authority with probably the most extremely sought-after surplus line markets and a longtime fame within the wholesale brokerage, binding area. For extra info, please go to www.monarchexcess.com
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group is a completely licensed holding firm established to amass and scale best-in-class insurance coverage underwriting services and specialty companies all through North America. SPG has 13 portfolio corporations and is over one billion in premium. For extra info, please go to www.specialtyprogramgroup.com.
Media: Chris Lamitola
M&A: Chris Treanor
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SOURCE Specialty Program Group