Leading Travel Insurtech Platform Squaremouth, Acquired by Specialty Program Group LLC
St. Petersburg, Fla. April 4, 2023 — Squaremouth LLC, the nation’s largest travel insurance marketplace, is pleased to announce it has been acquired by Specialty Program Group LLC, (SPG) a leading operator of specialty insurance brokerages and underwriting facilities.
Squaremouth helps customers compare and buy travel insurance online instantly. Leveraging 20 years of expertise and industry-leading technology, Squaremouth.com hosts the most intuitive travel insurance quoting and comparison engine on the market today, with over 3 million travelers insured.
Earlier this year, the company announced the appointment of Rupa Mehta as CEO. Mehta joins the Squaremouth team with over 16 years ecommerce leadership experience, most recently at Angi and Groupon. Under SPG, Squaremouth is well-positioned to continue its growth as the leading marketplace in the travel insurance space.
“SPG presented the ideal partner for Squaremouth from both a business and culture standpoint,” said Squaremouth President, Megan Moncrief. “We hold a few things sacred: our customer experience, innovating our tech, and our company culture. SPG shares complementary ideals in each regard. We are thrilled to partner with a proven industry leader to build upon our success.”
The acquisition of Squaremouth is the most recent addition to SPG’s digital portfolio, propelling its digital expansion strategy into its third insurance vertical.
“Squaremouth is a growing industry leader when it comes to the use, convenience and efficiency of its digital travel insurance platform. This aligns perfectly with our strategy to accelerate the scale and depth of our digital capabilities to keep pace with our clients’ boundaryless needs,” said SPG President & CEO Christopher Treanor.
About Squaremouth
Squaremouth.com has insured over 3 million travelers. Using Squaremouth’s intuitive quoting and comparison engine, award-winning support team, and verified customer reviews, travelers can save time and money to find the best travel insurance policy for their trip.
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group is a fully licensed holding company established to acquire and scale best-in-class insurance underwriting facilities and specialty businesses throughout North America. SPG has a vast portfolio of specialty companies and is over three and half billion in premium. For more information, please visit specialtyprogramgroup.com. Follow us on LinkedIn for industry updates and company news.