XL Group's North America Programs business and American Specialty Insurance & Risk Services have signed a new joint underwriting agreement to offer insurance programs for sports and entertainment industries.
XL Group North America Programs unit president Quinnon "Pete" Purvis said, "American Specialty is a well-established leader when it comes to insuring a wide variety of sports and entertainment businesses.
"With this new arrangement, we gain their industry expertise and underwriting experience and have the opportunity to extend our capabilities and quality coverage to new industries."
The new insurance offerings have been designed to fulfill the specific insurance and risk management needs of clients in the sports, motorsports, event, and entertainment industries
XL Group’s North America Program business partners with program administrators such as American Specialty to underwrite, market, and administer insurance products targeted at niche markets or classes of business.
Leveraging its collaboration with the XL Group of insurance companies, American Specialty offers property and casualty insurance programs for clients in the sports, motorsports, event, and entertainment industries, among others.