XL Insurance and American Wholesalers Underwriting Announce New Underwriting Agreement to Service Wholesale Distribution Industr
January 11 2010 - 12:00PM
PR Newswire (US)
EXTON, Pa. and STAMFORD, Conn., Jan. 11 /PRNewswire-FirstCall/ --
XL Insurance, the global underwriting operations of XL Capital Ltd
(NYSE:XL), and American Wholesalers Underwriting, Ltd., a
specialized program administrator, today announced a new joint
underwriting agreement to provide the Wholesalers' Insurance
Program(R) the WIP(R), a comprehensive insurance program for the
durable and non-durable goods wholesale distribution industry. John
Hartman, XL Insurance's Chief Underwriting Officer of Programs,
said: "XL Insurance values industry expertise. In this new
underwriting agreement, that is exactly what American Wholesalers
Underwriting brings to the table. With their experienced staff and
thorough industry knowledge, they have carved out a 'best in class'
approach to service the wholesale distributors' insurance needs. We
are looking forward to a long-term relationship that will yield
strong results for us as well as the customers we'll serve
together." "We are very excited to be working with XL Insurance,"
said American Wholesalers Underwriting President Ken Lewis. "We
both value technical underwriting expertise and loss prevention
that can help our clients manage their risk exposures effectively."
"WIP is a recognized program in this industry. Over the years, we
have tailored and streamlined the underwriting, policy servicing,
accounting and claims processing to specifically address issues
that are unique to wholesalers," explained Mr. Lewis. "Technology
is the cornerstone of our underwriting operation. AWUL's advanced
automated management system allows us to efficiently and
consistently process our policies while providing our clients with
quick and efficient quotes and policy turnaround," said John Shea,
AWUL's Chief Operating Officer, . WIP is a national insurance
program designed to meet the needs of the durable, non - durable,
and food distribution industries. These industries encompass a
broad scope of Standard Industrial Classifications ranging from
5000-5199. (visit http://www.awul.com/) including motor vehicle
supplies, industrial supplies and equipment, material handling
equipment, metal services, electrical and plumbing, hardware, and
food and beverage distributors. The program provides property,
inland marine, auto, general liability, workers comp and umbrella
coverage with numerous industry specific extensions. Available in
all 50 states, coverages and limits are tailored to meet individual
distributor's specific risk management needs. The program will be
provided by XL's Greenwich Insurance Company and its affiliates,
licensed to write property and casualty insurance throughout the
United States. American Wholesalers Underwriting, Ltd. is a
nationally recognized program administrator, underwriter and
wholesaler serving retail insurance agencies. More information
about American Wholesalers Underwriting is available at
http://www.awul.com/. "XL Insurance" is the global brand used by
member insurers of the XL Capital Ltd (NYSE:XL) group of companies.
More information about XL Insurance is available at
http://www.xlinsurance.com/. Through its operating subsidiaries, XL
Capital Ltd is a leading provider of global insurance and
reinsurance coverage and services to industrial, commercial and
professional service firms, insurance companies, and other
enterprises on a worldwide basis. More information about XL Capital
Ltd is available at http://www.xlcapital.com/. DATASOURCE: XL
Insurance CONTACT: Christine M. Weirsky, XL Insurance Media
Relations, +1-610-968- 9395 Web site: http://www.xlcapital.com/
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