NEW YORK--(BUSINESS WIRE)--Arch Insurance Group, a member of Arch Capital Group Ltd., announces an exclusive underwriting partnership with American Specialty Insurance and Risk Services, Inc. (a division of Brown & Brown) to offer customized insurance programs for the Sports, Recreation and Entertainment industries.
According to Mark Lange, Senior Vice President, Arch P&C Programs, “American Specialty is a recognized leader in the Sports, Recreation and Entertainment industries and fits the profile of the top-tier program administrators highly valued by Arch. We expect a long-term partnership given their outstanding reputation, established underwriting expertise, specialized service and technology capabilities and an exceptional, seasoned leadership team.”
“We are so pleased to have partnered with Arch Insurance,” said Drew Smith, President of American Specialty. “Arch’s experience and long-term commitment to programs, A+ XV financial strength, and strong leadership team are just a few of the reasons why we selected them as our exclusive carrier partner. Our insurance program will be enhanced and expanded through this partnership, allowing us to offer additional products and programs to our 1,000+ retail insurance agency and broker partners located throughout the United States. A new program for ice rinks, broader property insurance capabilities, and workers compensation coverage are just a few of the expansions our agents and brokers can expect from American Specialty.”
Arch has been a leader in property and casualty programs since its inception in 2002. The P&C Programs Division partners with leading program administrators throughout the country to deliver tailored insurance solutions to specific industry niches.
About American Specialty Insurance and Risk Services, Inc.
Founded in 1989, American Specialty provides 50+ specialty niche insurance programs and risk services to clients in the principal areas of Amateur Sports, Professional Sports, Motorsports, Recreation and Entertainment. American Specialty is a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE:BRO). Brown & Brown is ranked by Business Insurance magazine as the sixth largest intermediary of insurance in the U.S. To learn more, visit http://www.amerspec.com.
Arch Insurance Group Inc. is a member of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. For more information, visit www.archcapgroup.com./insurance/regions/United-States.
Insurance coverage is underwritten by one or more member companies of Arch Insurance Group in North America, which consists of Arch Insurance Company (a MO corporation, NAIC # 11150), Arch Specialty Insurance Company (a NE corporation, NAIC #21199), Arch Excess & Surplus Insurance Company (a NE corporation, NAIC # 10946) and Arch Indemnity Insurance Company (a NE Corporation, NAIC #30830). Executive offices are located at One Liberty Plaza in New York City 10006. Not all insurance coverages or products are available in all jurisdictions. Coverage is subject to actual policy language. This information is intended for use by licensed insurance producers.
