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TheStreet Open House

XL Group And ProHost USA Partner To Offer Package Insurance Program To Restaurant Industry

EXTON, Pennsylvania, April 3, 2014 /PRNewswire/ -- 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.

About ProHost USA 

ProHost USA, Inc. is an insurance program administrator founded in 1989 and based in Minneapolis, Minnesota. For more than 20 years, ProHost has insured restaurants and related risks working with independent retail insurance agents across the country that recognize the value of their extensive underwriting expertise. To learn more, visit prohostusa.com

About XL Group plc's Insurance Operations

XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance

About XL Group plc

XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.   XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries.

SOURCE XL Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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