XL and Prohost partner on restaurant insurance
The insurance arm of XL has launched an insurance solution specifically designed for fine dining and family restaurants in the US.
It has partnered with insurance programme administrator ProHost USA on the underwriting agreement to provide a packaged insurance solution for this class of clients.
ProHost provides property, general liability, boiler and machinery, and liquor liability insurance coverages to restaurants.
Quinnon Purvis, president of XL Group's North America Programs unit, said: "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."
Heidi Strommen, president of ProHost USA, said: "We're excited to align with XL Group. 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."
