LONDON, June 6, 2016 /PRNewswire/ -- XL Catlin's
insurance operations today announced the launch of a new team to
focus on alternative risk transfer and non-traditional insurance
globally, effective immediately.
The team, named Structured Risk Solutions (SRS) is a dedicated
global underwriting unit charged with providing XL Catlin's clients
with customised solutions for large and complex risks where there
is currently no traditional insurance product offered by the
market. SRS' offering to clients and brokers includes:
- Bespoke risk transfer solutions for new and emerging risks for
corporate Clients and Financial Institutions;
- Multi-year, multi-line structured (re)insurance solutions for
Captive insurance companies;
The SRS team will be led by Rob
Turner - Global Head of SRS, who joined XL Catlin in
2015.
Commenting on the new global team, Paul
Brand, Chief Underwriting Officer and Chairman of XL
Catlin's Insurance Leadership Team said: "We believe the market
opportunity for this type of business is significant; risks are
evolving and increasingly clients look to us to find
non-traditional and innovative approaches to manage their
exposures. We believe we have the expertise and appetite to make a
real difference in this space."
The team is located in London,
across European locations and is expanding to New York shortly.
About XL Catlin's Insurance Operations
The XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group
plc's (NYSE:XL) insurance and reinsurance companies which
provide property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to
XL Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin