XL has entered into joint agreement with American Specialty Insurance and Risk Services to offer joint underwriting capacity for the sports and entertainment industries.
The deal will enable XL to benefit from the “industry expertise and underwriting experience” of American Specialty, while enabling XL to extend its “capabilities and quality coverage to new industries”, says Quinnon Purvis, president of XL Group’s North American programmes unit.
Purvis leads a team that targets niche classes within North America and the partnership with American Specialty will see XL and American Specialty provide property and casualty insurance programs for clients in the sports, motorsports, event, and entertainment industries.
Commenting on the partnership, Tony Wittwer, president of American Specialty says: “Sports and entertainment businesses have unique exposures. With XL’s depth of team, resources, and commitment to programmes, it is a true pleasure to partner with them. Like American Specialty, XL is a company that values industry expertise, underwriting talent, and strong business relationships.”