XL Catlin has extended its global property insurance capacity by 25 percent to $500 million, available on a quota share or layered basis.
In addition, in the U.S., the insurer offers capacity up to $1 billion for clients who purchase 100 percent of their property insurance through XL Catlin’s Platinum Property program. XL Catlin said its property coverage is delivered by a dedicated team of underwriters, risk engineers and property claims managers who specialize in addressing large, complex property risks.
“In the U.S. and Canada, increasing property values, more investment activity in industrial and commercial property, and added concern about natural catastrophe exposures are prompting our clients to seek more insurance protection,” said Michele Sansone, president of XL Catlin’s North America Property business, explaining the new limit.
Source: XL Catlin