XL Insurance, the global insurance operations of XL Group and Breed's Hill Insurance Agency have signed a new joint underwriting agreement to provide General Liability (GL) and Property coverages to New England's multi-unit real estate market.
As per the agreement, Breed’s Hill will offer its GL and Property coverage through the XL Insurance companies, Greenwich Insurance Company and Indian Harbor Insurance Company.
Greenwich Insurance is a primary insurance company licensed to write property and casualty insurance throughout the US.
Breed’s Hill will also have the option to offer excess and surplus coverage through XL Insurance’s non-admitted carrier, Indian Harbor.
In addition to GL and property coverages that it offers with XL Insurance, Breed’s Hill also offers umbrella liability and boiler and machinery coverages with other highly-rated insurers.
Breed’s Hill president Paul Barringer said that the new partnership will lend itself to more opportunities for brokers as the companies expand marketing efforts and increase presence in new regions.