XL Insurance and All Risks, Ltd Announce New Underwriting Agreement to Provide Dealers Open Lot Insurance Program

XL Insurance, the global insurance underwriting operations of XL Group plc XL, and All Risks, Ltd., the nation's largest independent privately held wholesale brokerage firm, today announced a new joint underwriting agreement to offer a Dealers Open Lot program, providing physical damage insurance coverage for Dealerships nationwide. According to Quinnon Purvis, President of XL Insurance's North America Programs unit, "To effectively manage a business' risk, you have to really know the business. That's why XL Insurance values dedicated industry expertise and looks to work with program administrators like All Risks. Their dedicated underwriters have a thorough understanding of the niche markets they serve." "Likewise, we are excited to be working with XL Insurance," said Chris Kelleher, All Risks' Vice President for National Specialty Programs. "We both have a mutual appreciation for technical underwriting expertise in niche industries that add value to our retail agency partners. This industry knowledge helps our clients successfully manage their risk exposures and allows us to provide the most effective coverage available on the market."