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SPG Acquires Proper Insurance for Growth

PRIVATEFeb 26, 2026

Acquiring Company

Specialty Program Group

Acquired Company

Proper Insurance

United StatesBozemanInsuranceReal EstateTravelVacation RentalInsurance

Description

Specialty Program Group LLC has acquired Proper Insurance, enhancing its specialty property insurance platform. Proper specializes in insurance for short-term rental properties and is licensed in all 50 states. This acquisition aims to strengthen SPG's capabilities in the short-term rental market. Michael Grimland has been appointed President of Proper to lead the operations.

Quick answer

Specialty Program Group is acquiring Proper Insurance, announced February 26, 2026. Specialty Program Group is based in United States.

How much did Specialty Program Group pay for Proper Insurance?
The deal value was not disclosed.
What does Specialty Program Group do?
Headquartered in Summit, NJ, 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.
Where are Specialty Program Group and Proper Insurance based?
Specialty Program Group is based in United States. Proper Insurance is based in Bozeman, Montana, United States.
Who are the decision-makers at Specialty Program Group?
Fundz holds 2 contacts at Specialty Program Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Specialty Program Group

Location

United States

About

Headquartered in Summit, NJ, 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 17 portfolio companies and is over 1.8 billion in premium. For more information, please visit www.specialtyprogramgroup.com.

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Related People

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Frequently asked

Who acquired Proper Insurance?

Proper Insurance was acquired by Specialty Program Group, based in United States. The deal was reported on February 26, 2026. Specialty Program Group is privately held and operates in Insurance.

When did Specialty Program Group acquire Proper Insurance?

Specialty Program Group's acquisition of Proper Insurance was reported on February 26, 2026. Specialty Program Group LLC has acquired Proper Insurance, enhancing its specialty property insurance platform. Proper specializes in insurance for short-term rental properties and is licensed in all 50 states. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Proper Insurance do?

Proper Insurance provides insurance solutions designed specifically for short-term rental properties. It is privately held, operating in Real Estate, and is based in Bozeman.

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