HUNT VALLEY, Md.--(BUSINESS WIRE)--Red Sky Travel Insurance, an Arch Insurance affiliate, today announced that Vacasa, a leading vacation rental management platform in North America, has selected Red Sky as its primary travel insurance partner.
Vacasa guests now have access to Red Sky’s travel insurance products and award-winning customer service and claims teams when they book directly on vacasa.com. Red Sky’s products offer protection against financial losses caused by covered trip cancellations and interruptions, as well as medical emergencies. Such products are underwritten by individual member companies within Arch Insurance North America.
“The vacation rental industry continues to see record demand as increasing numbers of travelers look to find vacation properties that meet specific and often unique needs,” said Laird Sager, President of Red Sky. “We’re pleased to offer our travel protection through Vacasa, providing our excellent travel insurance products through their trained agents to their valued customers.”
Vacasa guests interested in purchasing Arch travel insurance to help protect their travel plans can work with their Vacasa Customer Experience agent or purchase insurance directly from the Vacasa website.
“We’re thrilled to be working with Red Sky as they have demonstrated a track record of exemplary customer service, technology innovation and responsiveness,” said Bob Milne, Chief Operations Officer for Vacasa. “Our partnership with Red Sky provides our customers with confidence, knowing that their travel investment is protected if an unexpected event requires them to cancel or interrupts their trip for any covered reason included in their policy.”
About Red Sky
Red Sky Travel Insurance provides insurance coverage exclusively to the vacation rental industry. Their Trip Preserver products are used by vacation rental managers for trip cancellation, hurricane protection, ski insurance and more. Red Sky is an individual member company of Arch Insurance North America.
About Arch Insurance North America
Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements, other than statements of historical fact, included in or incorporated by reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source: Arch Insurance