Distinguished Programs Acquires ProHost USA.
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Specialty program for restaurants complements Distinguished's umbrella to create one-stop shop for fast casual to fine dining establishments
NEW YORK, April 2, 2019 – Distinguished Programs, a national insurance program manager, today announced it has acquired Minneapolis-based ProHost USA, a leading specialty insurance program for restaurants and related risks.
Distinguished currently offers umbrella coverage for the restaurant industry, and adding ProHost’s customized restaurant packages will enable them to offer a more complete restaurant insurance program, noted Brooks Chase, president of Distinguished Programs’ specialty division.
“We’ve known ProHost and its stellar reputation in the restaurant industry for years, and bringing our two businesses together makes for a perfect match, with each side bringing strengths to the table that will benefit the other,” Chase said. “Our sales force will strengthen ProHost’s market penetration, while their liability and property program complements our umbrella coverage.”
ProHost President Heidi Strommen, who has been with ProHost for 29 of the company’s 30 years of operations and president the last 10 years, commented: “Combining our services ensures both companies can offer a more complete solution to our retail agents. Distinguished Programs offers ProHost the scalability, resources, technology and marketing strength to enhance our growth potential.”
ProHost not only caters to fast casual, family and fine dining establishments, but also to many wine bars, chef-driven and start-up restaurants and caterers across the United States. The company also offers coverage for cyber and employment practices liability, written with an admitted insurance carrier partner rated A+ (Superior), size XV, A.M. Best Company.
Strommen will continue to oversee the ProHost operation as a senior vice president of Distinguished Programs.
About Distinguished Programs
Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Cultural & Historic Properties and Hotels & Restaurants. Property and liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished Programs high limit umbrella programs remain the clear choice in its areas of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. www.distinguished.com.