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Paid Steering the Course: Course of Construction (COC) Insurance Options

June 19, 2018 Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

News InsuranceMarkets / CoveragesTechnology

XL Catlin partners with AI start-up Cytora

October 4, 2017 by Canadian Underwriter

XL Catlin’s internal innovation team Accelerate announced that it is working with Cytora, a United Kingdom-based insurtech start-up that uses artificial intelligence (AI) and open source data to improve the way insurers quantify, select and price risk. A joint press

News Insurance

XL Catlin adds employment practices, cyber options to professional liability for architects, engineers

September 19, 2017 by Canadian Underwriter

XL Catlin announced Monday that its employment practices liability (EPL) coverage, for Canadian architects and engineers, would include lawsuits filed by non-employees – such as suppliers and customers –while its cyber insurance could cover liability for breach of proprietary drawings,

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

43% of companies achieving positive outcomes from digital transformation investments: XL Catlin-sponsored survey

June 14, 2017 by Canadian Underwriter

More than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities

News CatastrophesConstructionInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

XL Catlin launches new contractors pollution liability program in Canada and the U.S.

June 8, 2017 by Canadian Underwriter

XL Catlin announced on Thursday that it has launched its new Contractors Pollution Liability Express Program in Canada and the United States to provide consumers with “speed to market and a streamlined environmental insurance underwriting approach” for small to midsize

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

XL Catlin extends global property insurance capacity

June 8, 2017 by Canadian Underwriter

Increasing property values and concern over natural catastrophe exposures in the United States and Canada were among the factors mentioned in XL Catlin’s announcement Wednesday it had extended global property insurance capacity by 25% to US$500 million. XL Catlin reports

News AppointmentsInsuranceMarkets / CoveragesMergers and Aqcuisitions

XL Catlin opens political risk, credit and bond insurance practice in Canada

May 30, 2017 by Canadian Underwriter

XL Catlin announced on Tuesday that it has opened its first political risk, credit and bond (PRCB) practice in Canada “to address continued demand” and appointed Marvin Azzopardi as senior underwriter. “We are very excited to open our first Canada-dedicated

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Soft pricing in global reinsurance market to continue for at least the rest of 2017: Fitch

May 16, 2017 by Canadian Underwriter

The soft pricing in the global reinsurance market will continue for at least the rest of 2017, ratings firm Fitch Ratings said in a report released Monday. “We expect premium rates to continue declining, due to large volumes of under-deployed

News ConstructionInsuranceMergers and Aqcuisitions

XL Catlin quadruples North American builder’s risk capacity to US$1 billion

March 9, 2017 by Canadian Underwriter

XL Catlin announced on Wednesday that it has quadrupled its builder’s risk insurance capacity to US$1 billion from US$250 million for construction firms in North America. The increased coverage for high-value commercial real estate projects is the result of a

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

XL Catlin to add kidnap, ransom and extortion insurance to aviation policy

February 27, 2017 by Canadian Underwriter

XL Group Ltd. announced Monday it plans to offer a kidnap, ransom and extortion endorsement on its general aviation coverage. That coverage “will be available on an admitted basis” in all 50 states of the United States, pending approval, said

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

XL Group reports P&C combined ratio of 94.8% for Q4 2016

February 2, 2017 by Canadian Underwriter

XL Group Ltd. has reported a P&C combined ratio of 94.8% for the fourth quarter of 2016 ending Dec. 31, up 2.5% from the prior-year quarter. For the full year 2016, XL Group reported a combined ratio of 94.2% compared

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

XL Catlin enhances professional liability insurance policy form for design professionals

September 16, 2016 by Canadian Underwriter

Addressing the changing professional liability insurance needs of architects, engineers and other design professionals is at the heart of XL Catlin’s enhancements to its Design Professional insurance policy form. One rapid change in the design professional industry reflected in the