LONDON, Aug. 31, 2016 /PRNewswire/ -- XL Catlin today
announced it has updated the wording of its Active Assailant
coverage to include the use of road vehicles in an attack.
Stephen Ashwell, XL Catlin's
Chief Underwriting Officer for Crisis Management said: "The tragic
events that took place in Nice in July prompted us to review our
coverage and we have now added the use of road vehicles in an
attack to our covered events. It's a sad fact that we are
living in an age where groups and individuals, set on doing harm,
are diversifying and modifying their methods and we have updated
our solution to ensure we are providing relevant insurance
coverage."
XL Catlin launched its Active Assailant solution in May 2016. It is currently underwritten in the UK,
U.S., Germany and Asia Pacific covering clients globally. The
solution is designed to help organisations with the financial
impacts of Active Assailant events ranging from business
interruption through to counselling and medical expenses for
employees and customers. Coverage can be triggered by
property damage or bodily injury.
As well as providing coverage for standard Property damage,
Active Assailant coverage also provides coverage for Business
Interruption including a determination by authorities that the
client's operations have to cease at their current location. The
new endorsement also provides enhanced Extra Expense coverage,
which may include expenditures related to public relations
assistance, relocation, counselling and/ or psychiatric care,
medical expenses, additional security and job retraining.
About XL Catlin's Insurance Operations
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
Ltd'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