XL Group and insurance program administrator ProHost USA have signed a new underwriting agreement to provide a packaged insurance solution specifically designed for the restaurant industry.
"An understanding of the restaurant industry and the risks that these businesses face has driven ProHost's business success and we're looking forward to continued success, working together to deliver high quality, specialized insurance programs," Quinnon "Pete" Purvis, president of XL Group's North America Programs unit, said in a news release.
XL Group's North America Program business teams up with program administrators like ProHost USA to underwrite, market, and administer insurance products targeted at niche markets or classes of business. ProHost provides property, general liability, boiler and machinery, and liquor liability insurance coverage to restaurants ranging from fine dining to casual family dining, the release said.
Topics: Insurance / Risk Management