XL Catlin News

Strack Promoted to Senior VP in XL Catlin’s Midwest Division

XL Catlin has promoted Angie Strack to senior vice president and underwriting manager for its Global Risk Management division’s North Central Region. Strack will manage and develop XL Catlin’s U.S. risk management business, customizing casualty programs, including workers compensation, general …

Rising Sea Temperatures Could Kill 90% of Coral Reefs by 2050: Scientists

There were startling colors here just a year ago, a dazzling array of life beneath the waves. Now this Maldivian reef is dead, killed by the stress of rising ocean temperatures. What’s left is a haunting expanse of gray, a …

XL Catlin & PGU to Offer EPLI Cover for Public Officials, Educators & Police

XL Catlin’s insurance companies and Professional Governmental Underwriters Inc. (PGU) have entered into an underwriting agreement to offer public entity management and employment practices liability insurance (EPLI) to public officials, educators and law enforcement agencies in the US. Under the …

XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia

XL Catlin’s insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive crime, private equity / venture capital liability and investment management. “Spain’s …

XL Catlin Launches Kidnap, Ransom & Extortion Endorsement for Aviation Program

XL Catlin has added a kidnap, ransom & extortion (KRE) crisis endorsement to its general aviation insurance coverage for pilots, aircraft carriers and other aviation companies address global travel safety concerns. With limits of liability up to $1 million, XL …

XL Catlin Names Shertenlieb Central U.S. Leader for Global Risk Management

XL Catlin has appointed Gary Shertenlieb as zonal underwriting manager for Global Risk Management in the U.S. central region. Starting in April, Shertenlieb will lead the division’s primary casualty insurance and underwriting operations in the Central United States. He is …

XL Catlin Launches $500,000 Fund for Scientists Researching Ocean Risks

XL Catlin has launched a $500,000 fund to support “early career scientists” undertaking research into the changing ocean environment. The XL Catlin Ocean Risk Grants will be awarded to scientists for final year BSc, Masters and PhD research. The fund …

XL Catlin Opens Shared Services Office in Gurgaon, India

XL Catlin has opened a shared services office, covering three floors at DLF World Tech Park in Gurgaon, India. The new office will provide “vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin’s teams across the …

Blockchain Insurance Industry Initiative B3i Grows to 15 Members

The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i initiative are collaborating to explore the …

Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’

A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, …