West Chester, Pa.— May 6, 2019— Venture Insurance Programs, a national insurance program administrator, has announced a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for golf and country club accounts of its flagship PREFERRED CLUB® program.
PREFERRED CLUB will provide an admitted package program through AGCS nationally. AGCS is rated “A+” (Superior) by A.M. Best Company.
“As a leader in the golf and club industries, PREFERRED CLUB seeks out carrier partners who can provide our customers with the comprehensive specialty coverage they need for their unique risks,” said Philip J. Harvey, Venture president and founder. “With underwriting authority and proprietary access to Allianz, a carrier with an exceptional reputation that spans the globe, PREFERRED CLUB can ensure policyholders have the coverage they need and the service they deserve.”
Featured coverages through this new relationship with AGCS include expanded outdoor property, tee-to-green, tree replacement, and $25 million in umbrella coverage, which can include D&O and EPLI. Eligible classes include private golf and country clubs, semi-private clubs, daily-fee courses, city clubs, private golf communities and golf management companies.
“Renowned for bringing people together, golf is an iconic sport suitable for all ages and abilities, and we are pleased to be adding this key product to our portfolio,” stated Henning Haagen, North American Head of Specialty Lines & Northeast Zone Executive at AGCS. “We look forward to supporting and expanding PREFERRED CLUB’s success throughout all their properties nationwide, by offering a best-in-class experience and services.”
PREFERRED CLUB is the leading insurance provider to the club industry, providing specialty insurance to 40 percent of the top golf and country clubs in the U.S. The program serves golf clubs, golf management companies, private clubs and other related businesses across the country. The proprietary PREFERRED CLUB package includes property, general liability, commercial auto, D&O/EPL, pollution liability, cyber liability, excess and umbrella and workers’ compensation.
About Venture Insurance Programs
Venture Insurance Programs 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 Allianz SE, Chubb, RSUI, USLI, Zurich North America, State National, Monitor and Lloyd’s of London. Founded in 1993, Venture serves select industries—including golf and country clubs, golf destination resorts, hotels, resorts, commercial marine, fitness, wellness and spas, hunting and fishing lodges and city and social clubs.
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group’s dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates with its own teams in 34 countries and through the Allianz Group network and partners in over 210 countries and territories, employing almost 4,700 people of 70 nationalities. AGCS provides insurance solutions to more than three quarters of the Fortune Global 500 companies, writing a total of €7.4 billion gross premium worldwide in 2017.
AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.