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Specialty Program Group acquires MarketScout's workers' comp biz

Specialty Program Group LLC acquired the assets of MarketScout's workers' compensation underwriting unit, a national workers compensation facility specializing in underwriting for hard to place, high hazard risks in various industries including transportation, construction, healthcare, retail and manufacturing.

The acquired business will operate as Specialty Comp Insurance Solutions. Jay Chase will join from MarketScout and serve as president of Specialty Comp Insurance Solutions.

Terms of the deal were not disclosed.