Professional Program Insurance Brokerage
Dowling Hales served as the exclusive financial advisor to Professional Program Insurance Brokerage (“PPIB” or the “Company”) in its sale to Specialty Program Group, a division of Hub International. Founded in 1993 and based in Novato, CA, Professional Program Insurance Brokerage is a specialty managing general agent and Lloyds’ coverholder offering proprietary programs for emerging risks. PPIB holds a market leading position in excess and surplus insurance programs for body art and medispa operations. The Company also offers solutions for Cannabis, E-Cigarettes, Carnivals, Smoke Shops, Permanent Cosmetics and more. PPIB President Susan Preston, who is a member of the Insurance Business America Hall of Fame, will continue to head the operation post-transaction.
Target Company
Professional Program Insurance Brokerage
Acquirer Company
Specialty Program Group
Acquisition Date
June 2018
Sector
Insurance
Acquisition Date
June 2018
Industry
MGA
Region
USA
State of Acquired
CA
Map
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