XL Group and insurance program administrator ProHost USA today announced a new underwriting agreement to provide a packaged insurance solution specifically designed for fine dining and family restaurants.
According to Quinnon "Pete" Purvis, President of XL Group’s North America Programs unit, "ProHost’s deep knowledge and 20-year commitment to the restaurant market is admirable and has earned them a very solid reputation in our market.
These qualities are exactly what we look for when establishing our program partnerships. 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."
"We’re excited to align with XL Group," said Heidi Strommen, President of ProHost USA. "Like us, XL values a strong combination of industry and underwriting expertise. Together XL and ProHost create a strong combination and our restaurant clients will benefit from our collective attention to service, expertise and developing the right insurance products to meet their changing risk management needs."
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 coverages to restaurants ranging from fine dining to casual family dining.