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XL Insurance and American Wholesalers Underwriting Announce New Underwriting Agreement to Service Wholesale Distribution Industry
Date:1/11/2010

EXTON, Pa. and STAMFORD, Conn., Jan. 11 /PRNewswire-FirstCall/ -- XL Insurance, the global underwriting operations of XL Capital Ltd ( 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,

SOURCE XL Insurance
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