#USA #Chicago #Monarch E&S #Market Finders #SPG Insurance

Monarch E&S Expands Regional Footprint

Monarch E&S Insurance Services, a branch of Specialty Program Group LLC (SPG), has officially announced its acquisition of Market Finders, Inc. (MFI), a prominent managing general agent and wholesale broker. This strategic acquisition is set to significantly enhance Monarch's footprint across the Southwest, particularly in New Mexico, where Market Finders has established a stronghold since its founding in 1971.

Market Finders has earned its reputation as the go-to MGA in New Mexico, specializing in personal and commercial lines, including transportation risks. With partnerships spanning over 30 markets, many on a binding authority basis, MFI has successfully built a formidable network of retail agents, renowned for its commitment to both customer service and agent relationships. This acquisition is viewed as a win-win for both organizations, promising new opportunities and expanded service offerings.

Derek Borisoff, CEO of Monarch E&S, emphasized the significance of this acquisition: "Market Finders has consistently been a pillar in the MGA community for decades. Joining forces allows us to provide enhanced market solutions and leverage their extensive expertise and established connections, which perfectly align with our goal to deliver exceptional service and local insights to our clients."

The President of Market Finders, Steve Shaffer, echoed those sentiments, stating, "After thorough consideration, it was clear that Monarch shared our vision and values concerning the independent MGA model. Their extensive resources and market access will enable us to broaden our offerings while maintaining our focus on personalized service." This partnership is expected to strengthen Monarch’s position as a leading national contract binding and wholesale brokerage, providing even more competitive products to agents across the region.

For over 38 years, Monarch E&S has been dedicated to delivering comprehensive commercial and personal lines solutions driven by exceptional service and deep expertise. By partnering with Market Finders, Monarch is poised to not only enhance its product suite but also solidify its reputation in the wholesale brokerage space.

About Monarch E&S Insurance Services

Monarch E&S Insurance Services is dedicated to delivering top-notch service and solutions in commercial and personal lines. As a full-service MGA and wholesale broker, Monarch E&S provides retail insurance agents access to diverse lines of business backed by a wealth of experience and underwriting authority with leading surplus line markets. The firm's notable track record illustrates its commitment to transparency, reliability, and customer satisfaction.

About Market Finders

Founded in 1971 in Albuquerque, NM, Market Finders, Inc. excels in personal and commercial insurance distribution through partnerships with over 30 carriers. The company’s longstanding reputation for reliability has made it a valued partner to over 100 retail agencies throughout the Southwest.

About Specialty Program Group LLC

Specialty Program Group LLC (SPG) is a prominent specialty platform headquartered in Chicago, IL. It boasts a diverse portfolio of specialty insurance operations, including underwriting management and digital solutions. SPG has successfully scaled numerous industry-leading businesses by leveraging its access to essential resources, capital, and a broad distribution network. More information on how SPG can assist businesses in scaling up is available on their website.

This strategic acquisition of Market Finders is anticipated to yield significant growth opportunities for both organizations and enhance service for clients, further establishing Monarch E&S as an industry leader.