XL Catlin increases M&A insurance capacity to $60m

XL Catlin increases M&A insurance capacity to $60m

XL Catlin increases M&A insurance capacity to $60m

XL Catlin has extended its global mergers and acquisitions (M&A) capacity by 20% to $60m. The insurer said the move was “in order to better address the transactional liability insurance needs of clients, brokers and other deal professionals”. Dan Kumpf, chief underwriting officer, global professional lines, said: “XL Catlin views M&A insurance as a vital tool in driving global M&A…

XL Catlin appoints global head of claims

XL Catlin appoints global head of claims

XL Catlin appoints global head of claims

Brent Hoffman has been appointed as global head of claims for XL Catlin. The appointment takes place with immediate effect and he will report to Paul Jardine, XL Catlin’s chief experience officer. Mr Hoffman joined XL in 2014 and most recently held the position of general counsel global claims, with a place on the claims leadership team. In his new…

The implications of GDPR for captives

The implications of GDPR for captives

The implications of GDPR for captives

The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will harmonise data protection rules across the European Union. As well as introducing new requirements around data breach notification, the GDPR also imposes potentially large fines on companies found to be in breach of certain requirements of the Regulation. Owen Williams, manager of XL Catlin’s…

Risks and opportunities in South Africa and Chile

Risks and opportunities in South Africa and Chile

Risks and opportunities in South Africa and Chile

Emerging markets are key areas for growth for multinational companies across all industries. Economic growth means a growing need for insurance and reinsurance. Not only can they help protect against natural disasters – which many emerging economies are more susceptible to than other, more developed, economies – they can play a vital role in protecting and therefore attracting foreign investment…

Bringing value to the chain: how blockchain can be used to help risk managers with global programmes

Bringing value to the chain: how blockchain can be used to help risk managers with global programmes

Bringing value to the chain: how blockchain can be used to help risk managers with global programmes

Blockchain is predicted by some to become the fifth major wave in computing – after mainframes, personal computers, the internet and social networks. And there has been much hype about its potential use in insurance. Hélène Stanway, digital leader at XL Catlin, discusses how blockchain can help risk managers to do their jobs and how it can be used to…

Captives coming of age in Asia

Captives coming of age in Asia

Captives coming of age in Asia

The use of captives as a strategic risk management tool is under development in Asia. The penetration of captives on the continent is still relatively low compared with regions such as the US and Europe, where captives have been a fixture of clients’ risk management strategies for many years. But Asia-based clients, and companies with exposures in Asia, increasingly are…

Going green: how environmental liability exposures can be managed in global programmes

Going green: how environmental liability exposures can be managed in global programmes

Going green: how environmental liability exposures can be managed in global programmes

With both public and regulatory scrutiny of environmental damage on the increase, and the potential for large clean-up and remediation costs, environmental liability is one of the most important exposures many companies face. And the differing legal systems across the world mean that managing environmental liabilities can appear complex. Adias Gerbaud, head of environmental international at XL Catlin, based in…

Talk to the loss adjuster; why communication is key for claims in global programmes

Talk to the loss adjuster; why communication is key for claims in global programmes

Talk to the loss adjuster; why communication is key for claims in global programmes

When a loss occurs, clear and timely communication with loss adjusters is vital to ensure claims are resolved successfully. When they are structuring a global programme, insurers work to ensure that there will be clear lines of communication between client, broker, claims specialist and loss adjuster in the event of a loss. Insurers with global reach work with loss adjusters…

Captives and global programmes

Captives and global programmes

Captives and global programmes

In today’s global marketplace where companies are operating from Azerbaijan to Zambia, having a centralised way to keep a handle on the myriad risks they face can deliver real benefits. For risk managers, a captive insurance company is a useful tool to coordinate an international insurance programme and to derive some tangible cost savings, while gaining a global picture of…

The case for covering D&O in a global programme

The case for covering D&O in a global programme

The case for covering D&O in a global programme

For many Spanish companies, expanding into new markets outside Spain has proved to be a productive path to profitable growth. When Spain’s and much of the world’s economy took a nosedive in 2008, Spanish companies started to expand into other markets to compensate for the challenges in their home country. And international expansion was not limited to just a handful…