Ind.-based Leisure/Sports Specialists, LLC (LSS), a privately held underwriting organization that distributes specialty sports and leisure insurance products through retail brokers, recently announced that it has established a partnership agreement with Target Market Specialists (TMS), a subsidiary of RLI, an underwriter within the commercial property and liability insurance industry.
Through TMS, LSS will provide specialized general liability products on an exclusive basis for Amateur Sports and Motor Sports associations, teams, leagues, and their respective governing/sanctioning bodies; family entertainment centers and amusement parks; sports, leisure, recreation and exhibition venues, and multi-use convention centers. LSS and TMS will distribute these products on a non-admitted basis through Mt. Hawley Insurance Co., another RLI subsidiary.
“This structure will allow us to elevate our servicing abilities to levels yet unseen in these industries,” explains Matt Sackett, president of LSS. “Having this alliance expands our target classifications within the leisure and sports industries and it broadens our ability to provide industry specific coverage forms. We look forward to a long and mutually prosperous relationship with TMS and RLI.”
In addition, LSS will begin distributing existing RLI property and casualty products specific to other classifications within the sports and leisure industries that include bowling centers, special events, golf courses, and sports training facilities.
Source: LSS
Topics Mergers & Acquisitions
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