Obsidian Insurance Holdings has launched a program partnership with Platinum Specialty Underwriters and its MGU program division, WestPro.
WestPro is a program administrator for bar and tavern coverage in over a dozen states, targeting neighborhood bars, taverns, and restaurants with liquor sales – both with and without entertainment.
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In a statement, Obsidian said that the Westpro program has an “extensive history of profitability and expertise in this niche segment with unparalleled experience handling liquor liability exposure.”
The WestPro program will be written on Obsidian’s paper, which the company says offers a “multi-faceted partnership approach, bringing together deep technical expertise of program administrators, top-tier reinsurance partners, and advanced, efficient technology operations free of operational and distribution channel conflicts.”
“Our partnership with WestPro is an exciting next step for Obsidian, joining a top tier program administrator with Obsidian’s strategically aligned and built-for-purpose program carrier model,” said William Jewett, chief executive officer of Obsidian.
For his part, Kyle Stevens, president of Westpro, said that he is “thrilled to start our joint venture with the team at Obsidian.”
“Together, we are well positioned to offer a highly compelling program to our wholesale broker partners to meet the evolving needs in the hospitality space,” said Stevens.