ANOVA: Expanding Horizons with SPG Partnership

Deal News | Aug 05, 2025 | Re-Insurance News

ANOVA: Expanding Horizons with SPG Partnership

Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency focused on marine, cargo, transportation, and logistics insurance. Established in 2011 in South Florida, ANOVA provides insurance solutions across freight forwarding, shipping, customs brokerage, and international trade sectors, powered by digital tools and a broad network of partnerships. With this acquisition, SPG aims to strengthen its position in the marine and logistics sectors, leveraging ANOVA's industry expertise and digital innovations. ANOVA’s founder, Bradford Boyd, along with a growing leadership team including Andrew Voke, Erin Boll, and Anthony Clark, will continue to spearhead operations, ensuring continuity in service while expanding capacity and market reach within SPG's network. Boyd emphasizes that ANOVA will maintain its foundational values and operational independence while achieving faster growth through its new affiliation.

Sectors

  • Insurance
  • Logistics

Geography

  • United States – Specialty Program Group LLC and ANOVA Marine Insurance Services are based in the United States, indicating this as their primary geography.
  • South Florida – ANOVA Marine Insurance Services is based in South Florida, which is noted as the home base for the company's operations.

Industry

  • Insurance – The article involves companies that operate within the insurance industry, specifically focusing on marine, cargo, and logistics insurance.
  • Logistics – ANOVA Marine Insurance Services provides insurance solutions related to transportation and logistics challenges, highlighting its importance in the logistics sector.

Financials

    Participants

    NameRoleTypeDescription
    Specialty Program Group LLC (SPG)Acquiring CompanyCompanyA national operator of specialty insurance businesses, acquiring ANOVA Marine Insurance Services to expand in the marine and logistics sectors.
    ANOVA Marine Insurance Services, LLCTarget CompanyCompanyA managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance, acquired by SPG.
    Bradford BoydFounder and PresidentPersonFounder of ANOVA Marine Insurance Services, continuing to lead the company post-acquisition.
    Andrew VokeSenior AdvisorPersonWith over 40 years in the insurance industry, Voke joins ANOVA to guide long-term business development.
    Erin BollDirector of UnderwritingPersonBrings 20 years of logistics insurance experience to ANOVA, formerly served as SVP of Logistics at DUAL North America.
    Anthony ClarkAssociate Director of UnderwritingPersonFocuses on building ANOVA’s presence in the US transportation insurance space, formerly with DUAL.
    Logan PearceLeader of Claims and RecoveriesPersonLeads claims and recoveries for ANOVA, previously served as Associate Counsel at Falvey Underwriting.