Venture Launches Coastal Property Coverage Under New Facility

October 24, 2008

West Chester, Pa.-based Venture Insurance Programs, a national program administrator, will offer coastal property coverage under a new CATalyst Property Insurance brokerage facility.

CATalyst will support each of Venture’s current industry programs with access to all major property writers, while also providing mono-line coverage for agents and brokers with hard-to-place coastal, high hazard or other specialty property exposures.

“CATalyst will be a valuable addition to the coverage Venture currently provides to clubs and resorts in coastal areas,” said Mike Rogers, executive vice president and practice leader of CATalyst. “At the same time, we will also provide market access to any of Venture’s agents and brokers looking to write high-risk coastal exposures such as flood, wind and quake.”

CATalyst has limits to $500 million and features commercial property, inland marine and incidental general liability on property-driven risks, including flood and earthquake.

Source: Venture Insurance Programs,
www.ventureprograms.com

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