DOXA Insurance has announced the acquisition of Monument Sports Group (MSG), adding to its expanding footprint in the sports and entertainment spaces. Established in 2000 by President and Founder, Mark Grossman, MSG is an independent insurance agency solely focused on insurance and risk management for amateur and professional sports, recreational organizations, entertainment and sport facilities.
As the longtime exclusive insurance provider and program manager for the Climbing Wall Association, the U.S. Indoor Sports Association and other U.S.-based amateur or semi-pro sports leagues, MSG strives to provide program stability and long-term commitment to all clients. MSG provides tailored solutions for its programs, including personalized risk management support and comprehensive coverage options.
“With years of experience in sports and entertainment insurance and risk management, MSG has an intimate knowledge of the unique risks related to this very physical business sector making them a market leader in insuring and protecting climbing gyms and sports facilities,” said Matt Sackett, CEO and co-founder of DOXA Insurance. “That knowledge and their top-tier industry reputation make MSG not only a valued partner for their clients, but a team DOXA is eager to support.”
The acquisition of MSG continues DOXA’s growth into the sports market by providing specialized solutions for climbing gyms and amateur and semi-professional leagues. MSG joins DOXA’s sports and entertainment programs including, International Hole in One Association, RVNA, Odds on Promotions and more. DOXA will continue to support MSG as they continue to grow their current offerings and seek potential new programs within the sports and entertainment industry.
“MSG has been a proud provider of proven insurance programs and risk management in the sport and recreation space for nearly 25 years. In partnering with DOXA, we see a future of continued growth for our programs and clients alike,” said Grossman. “We look forward to joining DOXA to leverage its network, back-office support and program-specific expertise as we look to expand our programs and become a leader in the broader sports insurance industry.”
The transaction closed on Oct. 1, 2024.
ABOUT DOXA:
DOXA is an award-winning specialty insurance platform that acquires and grows niche-market focused insurance program administrators, underwriting and program distribution companies including MGAs, MGUs, Brokers and Direct to Consumer operators. DOXA delivers centralized sales, marketing, underwriting and operational support services to help companies maximize their growth potential. DOXA offers hundreds of custom specialty insurance programs, in support of over 20k agent broker relationships in all 50 states. For information visit www.DOXA.com.
ABOUT Monument Sports Group
Monument Sports Group (MSG) is an insurance agency founded to address the specific needs of professional and amateur sports organizations, businesses and individuals. Sports-related exposures and risks differ significantly from the risks involved in the general insurance marketplace. Monument Sports Group recognizes these differences and is committed to delivering tailor-made programs and services. As sports insurance specialists, Monument Sports Group helps clients identify, understand, and manage their risks. For more information visit https://monumentsports.com/index.html.