Specialty Software Team swoops for Ohio brokerage

Specialty Program Group swoops for Ohio brokerage&#13

Specialty Program Group (SPG) has introduced that it has acquired the property of Business Underwriters Associates (BUA), an Ohio-dependent brokerage basic agent and wholesaler specializing in life, annuities, disability profits and wellness insurance.

BUA was started in 1979 and serves shoppers throughout the country. Led by president and CEO Jack Wright, the firm’s group features in-residence underwriters in each lifestyle insurance policy and incapacity revenue defense as effectively as professionals in daily life, wellness, annuity, disability and long-term care coverage.

The acquisition of BUA builds on SPG’s acquisition of the belongings of Brokers Services Advertising and marketing Group (BSMG) in December of 2021 and expands its community of lifetime and annuity distributors.

“We’re fired up to join forces with BUA as we make out a national BGA community of like-minded major corporations,” stated Jason Lea, CEO of BSMG and head of SPG’s life and annuity technique. “This is the commencing of anything truly exceptional in the everyday living and annuity distribution area. Jack and his crew at BUA run an superb business enterprise and are identified leaders and innovators in our house. Alongside one another, we’ll obtain new ways to expand our organization and construct our eyesight for a dominant existence and annuity system.”

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“I’ve acknowledged Jason and his team for numerous years and have watched BSMG innovate and grow,” Wright claimed. “We’re enthusiastic to be a part of the SPG family and this outstanding crew. Together, we can leverage our collective abilities and companies to provide ideal-in-class solutions to the market. Becoming section of the broader SPG business presents a large chance.”

BUA is the most up-to-date SPG acquisition this 12 months. In July, the corporation snapped up Massachusetts-based mostly ESP Insurance Brokerage.

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