Welty will oversee the hospitality program’s underwriting group for upscale boutique hotels and resorts
West Chester, Pa.—August 29, 2016— Venture Programs (www.ventureprograms.com), a national insurance program administrator, today announced that it has hired John T. Welty as SUITELIFE practice leader. SUITELIFE is an all-lines insurance and risk program for upscale hotels and resort properties administered by Venture Programs.
Welty will be responsible for managing SUITELIFE’s underwriting team while maintaining the company’s top-tier carrier relationships.
“John will be a strong addition to our underwriting team,” said Philip J. Harvey, Venture president and founder. “His background in management and underwriting at a major carrier will truly be an asset to SUITELIFE as we focus on providing the best service and solutions for the unique risks our hotel and resort customers face.”
Most recently, Welty was with AIG where he served as casualty manager for the Mid-Atlantic region and oversaw the primary and excess casualty book of business. Prior to this position, he served as senior underwriting specialist for AIG’s property and casualty commercial risk business in Pittsburgh. Welty also was one of three owners and served as senior vice president to the Hartz Consulting Group LLC, which is a full-service insurance brokerage and consulting firm in Pittsburgh specializing in employee benefits and property and casualty insurance solutions.
Welty attended Duquesne University where he received his Bachelor of Science degree in Business Administration. He also received his Associate Degree in Risk Management from the Insurance Institute of America. He resides in Chester Springs, Pa.
“SUITELIFE is highly regarded in the hotel and resort management industries,” said Welty. “I hope to use my years of experience in the industry and with a major U.S. carrier to help SUITELIFE continue to retain and maintain customers, while providing the best products and service available.”
SUITELIFE is a leading insurance provider to the hotel and resort management industry, providing specialty insurance to full service hotels, boutique hotels, condo hotels and hotel management companies on an admitted basis across the U.S. The SUITELIFE package includes property, general liability, crime, commercial auto, liquor liability, cyber and privacy liability, umbrella liability and workers’ compensation.
About Venture Programs
Venture Programs is a leading program manager 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, Hamilton, RSUI, USLI, Zurich North America, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, resorts, hotels, hunting and fishing lodges, and city and social clubs, as well as commercial marine and hard-to-place property risks. Visit http://www.ventureprograms.com/.