Distinguished Programs, a national insurance program manager headquartered in New York, has acquired Minneapolis, Minnesota-based ProHost USA, a specialty insurance program for restaurants and related risks.
Distinguished currently offers umbrella coverage for the restaurant industry, and adding ProHost’s customized restaurant packages will enable them to offer a more complete restaurant insurance program, noted Brooks Chase, president of Distinguished Programs’ specialty division.
ProHost is led by President Heidi Strommen, who has been with ProHost for 29 of the company’s 30 years of operations and president the last 10 years. Strommen will continue to oversee the ProHost operation as a senior vice president of Distinguished Programs.
ProHost not only caters to fast casual, family and fine dining establishments, but also to many wine bars, chef-driven and start-up restaurants and caterers across the United States. The company also offers coverage for cyber and employment practices liability, written with an admitted insurance carrier partner rated A+ (Superior), size XV, A.M. Best Co.
Source: Distinguished Programs
Topics Mergers & Acquisitions
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