Alea, Venture Programs Team To Widen Insurance Offering

WEST CHESTER, PA— Alea North America Insurance Co. (Alea) has been named to serve as an issuing carrier for Venture Programs’ Preferred Hospitality Program. Effective immediately, the Preferred Hospitality Program will be able to offer expanded capacity for Workers’ Compensation insurance coverage for hotel, restaurant, resort and casino risks. Venture Programs here also reported that, in 2003, it intends to offer a package policy in the Preferred Hospitality Program, supported by Alea. Philip Harvey, managing director and founder of Venture Programs, stated: “The addition of Alea North America Insurance Co. to the Preferred Hospitality Program is a real benefit to our clients [as]Alea has a strong capital base and… senior management team.” Alea is a jointly owned subsidiary of Alea Group Holdings (Bermuda) Ltd. and Alea Group Holdings AG.