SPG expands marine and logistics insurance with Logistiq acquisition

Desk report: Specialty Program Group LLC (SPG), a leading operator of specialty insurance distribution, underwriting, and consulting businesses, announced on February 18, 2026, the acquisition of Logistiq Insurance Solutions (Logistiq) and its immediate integration with Anova Marine Insurance, which SPG acquired in 2025.

The transaction, for which financial terms were not disclosed, unites two specialized players in the marine and transportation insurance sector. Logistiq, a Redondo Beach, California-based freight cargo insurance agency with approximately 24 employees, brings expertise in domestic transportation and advanced risk intelligence. Anova Marine Insurance contributes deep knowledge in ocean cargo, digital underwriting, and marine risks.

This strategic combination creates a unified, technology-driven platform under SPG’s Cargo & Logistics division. It integrates Anova’s ocean cargo capabilities and digital tools with Logistiq’s domestic transport focus and risk analysis, alongside SPG Transportation’s existing portfolio of liability, workers’ compensation, and other transportation-related products.

The merged entity aims to deliver comprehensive, end-to-end insurance solutions tailored to the complex risks of the global supply chain. It targets key clients including freight forwarders, third-party logistics providers (3PLs), and motor carriers. Leadership continuity is assured, with Bradford Boyd continuing as president of Anova Marine and Glenn Stebbings remaining as president of Logistiq.

SPG executives described the move as a key step in building a singular powerhouse for marine, transportation, and logistics insurance, enhancing competitive positioning through combined expertise, broader product offerings, and tech-forward underwriting in a challenging market. The integration consolidates capabilities to better serve clients facing evolving supply chain exposures.