NTRA Racetrack Risk Program Drives Increased Safety and Reduced Costs

Lockton and National Thoroughbred Racing Association Unveil Insurance Offering at 2014 Global Symposium in Tucson Dec. 8-11

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Dec 09, 2014, 06:11 ET

TUCSON, Ariz., Dec. 9, 2014 /PRNewswire/ -- The National Thoroughbred Racing Association (NTRA) and Lockton Insurance Brokers opened the gates on the NTRA's new risk management and employee benefits insurance program today at the Global Symposium on Racing & Gaming in Tucson, AZ. The NTRA's new insurance program will help racetracks and racinos identify and reduce hidden risks in their existing insurance protection, driving costs down and increasing safety.

"This is a game-changer for the industry and will have a positive impact on the sport," said Jared Mitilier, leader of Lockton's Gaming, Entertainment, and Sports Practice. "This program is an all-inclusive service offering with innovations designed specifically for the horse racing industry. Racetracks and racinos turn to us as a one-stop shop for risk management and employee benefits."

The new NTRA insurance program offers tailored insurance products including:

property and casualty
workers' compensation
promotion and events
jockey accident
group medical
dental
vision
life and accidental death and dismemberment
voluntary benefits products

Through this new program, Lockton also provides racing operators with services including insurance policy analysis, loss control and safety, and claims advocacy.

"Lockton has demonstrated considerable insight into the unique industry of horse racing that will help our members deal with the wide range of risks they face," said Bryan Pettigrew, Senior Vice President of NTRA Advantage, the NTRA's corporate partner sales and sponsorship subsidiary.

Lockton's Gaming, Entertainment & Sports team is a specialized and dedicated group of professionals that gathers and shares the latest market intelligence on risk, insurance benchmarking, and safety best practices to drive the most comprehensive coverage and business results for clients.

About NTRA and NTRA Advantage
The NTRA is a broad-based coalition of more than 100 horse racing interests and thousands of individual stakeholders consisting of horseplayers, racetrack operators, owners, breeders, trainers and affiliated horse racing associations, charged with increasing the popularity, welfare and integrity of Thoroughbred racing through consensus-based leadership, legislative advocacy, safety and integrity initiatives, fan engagement and corporate partner development. The NTRA has offices in Lexington, Ky., and New York City. NTRA press releases appear on NTRA.com, Twitter (@ntra) and Facebook (facebook.com/1NTRA).

NTRA Advantage, the NTRA's corporate partner sales and sponsorship subsidiary, manages group purchasing for NTRA membership. Since its inception in 2002, NTRA Advantage has facilitated more than $700 million in sales of goods and services, resulting to savings to the industry of more than $120 million. NTRA members that have realized savings through NTRA Advantage include racetracks, owners, breeders and trainers.

About Lockton
More than 5,300 professionals at Lockton provide 41,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For six consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check the Lockton Market Update blog.

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SOURCE Lockton