Venture Insurance Programs has launched the SuiteLife™ program as an all-lines solution for resort properties. SuiteLife combines the expertise of the Preferred Club Program®—one of the industry’s largest programs for golf and country clubs—and the Venture Hospitality program.
Initially, SuiteLife will target golf destination resorts and private resort communities designed to attract the business conference trade, sports enthusiasts (golf, tennis, fitness, etc.), and the adult leisure market. Multiple A to A++ carriers will provide primary, excess property and umbrella capacity to the program, including (but not limited to) The Chubb Group of Companies and OneBeacon Insurance. SuiteLife is available in all states.
SuiteLife features customized coverages related to exposures of destination resort risks. In addition, Venture offers in-house capabilities to handle CAT property typical of many resorts through its new Specialty Property unit.
Risk management oversight for SuiteLife will be provided through IRISK Solutions, LLC.