Zurich Programs and Origin launch hospitality workers’ comp offering
Zurich Programs has reached an agreement with program administrator Origin Specialty Underwriters to introduce a workers’ compensation program, backed by Zurich, for qualifying restaurants and hotels in the small to middle-market space.
Under the agreement’s terms, Zurich Programs delegates underwriting authority to Origin Specialty Underwriters to offer the coverage through Origin’s distribution channels. The arrangement is the product of nearly two years of discussion and mutual due diligence that started over a breakfast meeting at the Program Administrators Association’s premier event, the Target Markets Annual Summit.
The program launched at the end of February in 26 preferred states.
Origin, which became part of Beyond Risk in 2021, serves niche segments including hospitality, hotels, service stations and more. Under the leadership of President Neno Djordjevic, Origin offers solutions for workers’ compensation, property and transportation, working exclusively with carriers and reinsurers rated “A-” or better by A.M. Best.
“We’re pleased about onboarding a new program administrator with the depth of experience of Origin. Zurich Programs is focused on smart, profitable growth and diversifying our portfolio, carefully selecting opportunities that align with our long-term strategy. Select Casualty lines are in our appetite for many segments, and finding the right organization to give the pen to took some time. Origin proved to be the right fit, thanks to their specialized knowledge, strong distribution network and commitment to maintaining underwriting integrity.” – Zurich North America’s Head of Programs Eric Cittadino.
“To have it backed not just by any carrier but by one with the reputation and credibility of Zurich supports our ambition to be a market leader in segments where we choose to play. We strive to offer our insureds, agents and brokers and everyone in the value chain the best possible service and solutions.” – Neno Djordjevic.
