Specialty Captive Group, a division of Specialty Program Group LLC, strengthens risk management capabilities with acquisition of group captive unit from Sedgwick

SUMMIT, N.J., Jan. 12, 2022 /PRNewswire/ -- Specialty Captive Group (SCG), a division of Specialty Program Group LLC, has acquired the assets of a group captive unit from Sedgwick, a leading provider of technology-enabled risk, benefits and integrated business solutions. The transaction closed Dec. 31, 2021.

“We are thrilled to welcome the group captive team from Sedgwick,” said John Yaple, senior vice president of Specialty Captive Group. “These employees have exceptional knowledge and experience in successfully managing group captive programs, and we look forward to the value and insights they will bring to our clients who seek guidance and management in the group captives space. We are pleased to continue expanding our platform of independent alternative risk products and the programs we offer to our clients.”

The highly skilled group captive team will continue servicing the needs of existing clients, captive members and broker partners, in addition to offering their expertise to other Specialty Captive Group clients.

“We at Sedgwick look forward to developing an ongoing relationship with the Specialty Program Group and to continue providing outstanding claims services to the captive industry,” said Elizabeth Demaret, Sedgwick president, specialty solutions.

About Specialty Captive Group
Specialty Captive Group, a division of Specialty Program Group LLC, is a provider of alternative risk solutions and captive management services to a wide array of clientele throughout North America. SCG provides captive feasibility services, captive consulting services, captive formation services and captive management services for clients in all major captive domiciles throughout the world.

About Specialty Program Group
Headquartered in Summit, New Jersey, Specialty Program Group is a fully licensed holding company established to acquire and scale best-in-class insurance underwriting facilities and specialty businesses throughout North America. SPG has 14 portfolio companies and is over $1 billion in premium. For more information, please visit www.specialtyprogramgroup.com.

CONTACT:
Media: Chris Lamitola
Phone: 908-790-6749
[email protected]

M&A: Chris Treanor
Phone: 908-790-6884
[email protected]

SOURCE Specialty Program Group