West Chester, Pa.—April 24, 2017— Venture Insurance Programs (www.ventureprograms.com), a national insurance program administrator, today announced that it has added Old Republic Specialty Insurance Underwriters as a new market for its SUITELIFE hotel and resort program.
Old Republic, rated "A+" (Superior) Class XII by A.M. Best Company is one of several carrier partners supporting the program across the country, and will help SUITELIFE expand its hotel and resort footprint, including the full-service hotel segment.
“SUITELIFE insures many of the top hotels in the country, and we are pleased to offer our brokers an additional carrier option, especially for full-service hotels,” said Philip J. Harvey, Venture president and founder. “Our new relationship with Old Republic will only help to bolster the highly-competitive products and quality service we offer to our policyholders.”
SUITELIFE will provide its admitted package program through Old Republic in: Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Illinois, Maine, Massachusetts, Michigan, Missouri, New Hampshire, New Mexico, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Wisconsin, Wyoming, Tennessee, and Utah. Property coverage is not available through Old Republic in Florida.
SUITELIFE is a leading insurance provider to U.S. hotels and resorts – insuring 20 percent of the top 50 hotels and resorts in the U.S., according to U.S. News and World Report. SUITELIFE is geared toward upper and mid-scale hotels and resorts with amenities like pools, fitness centers, lounges and spas, as well as smaller boutique hotels. Available coverage includes property, equipment breakdown, crime, inland marine, earthquake, earthquake sprinkler leakage, and flood, general liability, umbrella and excess coverage, liquor liability, commercial auto, and garage keepers. For more on SUITELIFE visit www.suitelifeins.com.
About Venture Insurance Programs
Venture Insurance Programs (www.ventureprograms.com) is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Chubb, Allied World, RSUI, USLI, Zurich North America, State National, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, golf destination resorts, hotels, resorts, commercial marine, hunting and fishing lodges and city and social clubs.