Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier.
WestPro, a division of Platinum Specialty Underwriters, targets neighborhood bars, taverns, and restaurants with liquor sales, both with and without entertainment, and has experience handling liquor liability exposure.
The company said by aligning with Obsidian, it can offer a multi-faceted partnership approach and technical expertise of program administrators and reinsurance partners.
Platinum Specialty Underwriters continues to invest in MGAs. Platinum recently acquired International Property & Casualty Insurance of Nevada and has been operating a primary auto liability program for mid and large fleet trucking firms. It is planning to launch a number of new offerings in the first quarter of 2021
WestPro Insurance Services has been a program manager for restaurants, bars and taverns general lability and liquor liability coverages since 2007. WestPro distributes the program solely through wholesale brokers. WestPro manages all aspects of the program including underwriting, loss control, claims management and compliance.
Platinum Specialty Underwriters is a managing general underwriter platform distributing through the wholesale channel.
Topics Mergers & Acquisitions Liability
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