#United States #Chicago #Specialty Program Group #Anova Marine #Logistiq Insurance

Specialty Program Group Merges Anova Marine with Logistiq Insurance Solutions

In a significant move for the insurance industry, Specialty Program Group LLC (SPG), a frontrunner in specialty insurance distribution and consulting, has announced the strategic integration of Anova Marine Insurance with Logistiq Insurance Solutions. This merger, highlighted on February 18, 2026, aims to revolutionize the approach to logistics and cargo insurance amidst a complex global supply chain landscape.

Unifying Strengths

The integration of Logistiq with Anova Marine represents the consolidation of two major players in the marine and transportation insurance markets. This strategic alignment creates a technologically advanced platform designed to address the evolving complexities of supply chain risk. The new platform emerges from SPG’s Cargo Logistics framework, blending Anova’s extensive experience in ocean cargo and digital underwriting with Logistiq's expertise in domestic transportation and risk intelligence.

Chris Treanor, President and CEO of SPG, underscored the transformative nature of this merger: "This combination isn't just about insurance; it's about fostering innovation and collaboration. With our combined resources, we are set to create an ecosystem where our partners can thrive, underlined by the principle of being 'Stronger Together.'"

Leadership Synergy

SPG's new Cargo Logistics team will benefit from a prominent coterie of industry veterans. Key figures like Bradford A. Boyd, Esq., President of Anova, and Glenn Stebbings, President of Logistiq, will spearhead this integration alongside Julian Stokes and Scott Cornell, both recognized leaders in risk management and logistics underwriting. Their collective expertise aims to address modern challenges in the logistics sector, particularly fraud, theft, and complex liability.

"We are at a pivotal moment, gearing up to devise smarter insurance solutions tailored for the logistics industry," stated Boyd. He noted that merging Anova's automated underwriting capabilities with SPG's distributed resources will facilitate rapid scaling, allowing them to cater to a global client base with enhanced efficiency.

Cornell, who was appointed to lead the risk strategy at Logistiq, echoed this sentiment, stating, "Our approach emphasizes proactive risk management, enabling our clients to navigate the modern supply chain with confidence."

Comprehensive Product Suite

With the merger, SPG is set to expand its portfolio of services, providing a comprehensive array of insurance products that cater to diverse logistical needs. This includes:

• - All-Risk Ocean and Domestic Cargo Insurance
• - Stock Throughput and Open Cargo Policies
• - Logistics Operator Liability (with swift underwriting capabilities of $25M to $50M)
• - Licensing and Surety Bonds
• - Advanced Cargo Theft and Supply Chain Security Consulting
• - Legal and Contractual Liability Mitigation Consulting
• - Proprietary Digital Quoting and Claims Platforms

These offerings are designed to equip freight forwarders, third-party logistics providers (3PLs), and motor carriers with the insurance solutions they need to thrive in a challenging market environment.

Looking Ahead

The strategic integration positions SPG to capitalize on the increasing demand for innovative insurance solutions in the logistics sector. As they look to the future, SPG aims to continue scaling its operations and enhancing its suite of services. This merger marks an exciting chapter not just for Specialty Program Group, but for the entire logistics insurance market, setting the stage for future advancements and collaboration.

For more information about SPG and how their innovative solutions can support your logistics business, visit specialtyprogramgroup.com.