XL Catlin News

XL Catlin Strengthens London Product Recall Underwriting Team

XL Catlin announced it has strengthened its London-based Product Recall team with the appointment of Natalie Lilley and the transfer of Ian Davidson. Natalie Lilley joins XL Catlin from Canopius where she has held the position of contaminated products underwriter …

Governments Must Act to Cap Global Warming at UN Summit: Reinsurers

Politicians must act to cap global warming when they meet at a United Nations summit at the end of the year as the financial and humanitarian consequences of natural catastrophes become ever clearer, reinsurers meeting at an industry conference said. …

XL Catlin Strengthens Team in Mexico with 3 Senior Appointments

XL Catlin announced it is further strengthening its insurance operation in Mexico with the following three appointments: Juan Pablo Caso as client distribution leader, responsible for supporting strategic clients Francisco García as senior underwriter construction Adriana Perez as senior underwriter …

Reinsurers Expect Continued Downward Pressure on Pricing During 2016

The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade’s quietest years for catastrophe losses. Rates for property-and-casualty reinsurance are expected …

XL Catlin Introduces Commercial Crime Insurance Policy

To help businesses recover from the financial repercussions of corporate crime, XL Catlin’s Global Crime business has introduced a new commercial crime insurance policy in the US. According to Greg Bangs, chief underwriting officer of XL Catlin’s Global Crime insurance …

XL Catlin Forms New Leadership Team for Germany

XL Catlin has announced a new insurance leadership team for Germany. The integration process is now well underway across XL Catlin, with the company maintaining a strong focus on bringing together and retaining its top talent throughout its global operations, …

Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale

Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we are not running a sale …

AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As

American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or …

Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study

A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected world, according to a cyber report released this week. Given the fact that the current market for cyber insurance is …

XL Catlin Hires Bull as Client Distribution Leader for Northeast Region

XL Catlin hired Kevin Bull as Northeast region client distribution leader for its Distribution & Network team in New York. He will report to June Dwyer, senior vice president, Northeast regional leader. In his new role, Bull will work with …