DOXA swoops for Monument Sports Group

DOXA swoops for Monument Sports Group | Insurance Business America

Insurance News

DOXA swoops for Monument Sports Group

Deal enhances company’s offerings for climbing gyms, more

Insurance News

By
Rod Bolivar

DOXA Insurance has expanded its specialized insurance offerings in the sports and entertainment sectors through its recent acquisition of Monument Sports Group (MSG).

DOXA Insurance, led by CEO and co-founder Matt Sackett, has continually sought to offer tailored insurance solutions in niche markets. With this acquisition, DOXA is set to provide comprehensive risk management solutions for climbing gyms and amateur or semi-professional sports leagues.

“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 Sackett. “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.”

What MSG Brings to DOXA

MSG was established in 2000 by president and founder Mark Grossman. Its services focus on providing insurance and risk management solutions for amateur and professional sports, recreational organizations, and entertainment facilities.

As the exclusive insurance provider for organizations like the Climbing Wall Association and the U.S. Indoor Sports Association, MSG has built a strong reputation in offering stability and long-term commitment to its clients.

According to Grossman, with MSG’s nearly 25 years of experience, the acquisition not only enhances DOXA’s ability to provide comprehensive risk management solutions but also broadens their offerings in the amateur and semi-professional sports leagues.

“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,” Grossman said.

The acquisition of MSG strengthens DOXA’s portfolio, which already features well-known programs like the International Hole in One Association, RVNA, and Odds on Promotions. In June, DOXA further expanded its offerings by acquiring MGA CPH Insurance, a company specializing in professional liability products for mental health and healthcare professionals.

How do you think specialized insurance can benefit niche markets like sports and recreation? Share your thoughts in the comments below.