Belt and Road: how risk managers can use global programmes in a transforming region

Belt and Road: how risk managers can use global programmes in a transforming region

Belt and Road: how risk managers can use global programmes in a transforming region

The Belt and Road Initiative (BRI) is an ambitious infrastructure development strategy announced by the Chinese Government. The initiative will cover more than 70 countries and is expected to cost about $1trn. Chinese companies are believed to have secured construction contracts worth more than $340bn and the Chinese Government has invested more than $210bn so far. The sheer size of…

XL Catlin launches single policy for space insurance coverage

XL Catlin launches single policy for space insurance coverage

XL Catlin launches single policy for space insurance coverage

A new seamless space insurance coverage for satellite owners, manufacturers and launch providers has been introduced by XL Catlin. The new single policy covers all satellite and launch-vehicle physical damage exposures from pre-launch to launch activities through deployment of the spacecraft in orbit. Chris Kunstadter, global head of space insurance at XL Catlin said: “We have developed this coverage based…

How to keep ahead of evolving fine art and specie risks

How to keep ahead of evolving fine art and specie risks

How to keep ahead of evolving fine art and specie risks

Fine art and specie is a class of insurance available to clients across sectors and in countries around the world. Graham Hawkins, global chief underwriting officer of fine art and specie at XL Catlin, discusses how advances in technology are impacting some of the most prominent risks for clients and considers the benefits brought about by international insurance programmes. What…

XL Catlin hires new head of global risk management insurance North America division

XL Catlin hires new head of global risk management insurance North America division

XL Catlin hires new head of global risk management insurance North America division

Chris Kopser has been appointed to lead XL Catlin’s global risk management insurance North America division. He will assume his role on 8 October 2018 and will be based in New York. He will report to Joseph Tocco, chief executive, North America insurance. Mr Tocco said: “We are excited to have Chris join our leadership team. His long track record…

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such as compulsory domestic cessions to state reinsurers, the introduction of minimum net premium retention levels, market capacity sharing and higher capital requirements for reinsurance cessions overseas. Erich Bentz, network partner relationship manager for EMEA and regional director of global programmes…

XL Catlin offers aviation insurance product in Mexico

XL Catlin offers aviation insurance product in Mexico

XL Catlin offers aviation insurance product in Mexico

XL Catlin has launched a new specialty aviation insurance product in Mexico. The new product suite will initially focus on general aviation hull and liability risks. XL Catlin said it offers a comprehensive suite of aviation insurance options, including multiple lines within aviation for individual clients. The new offering in Mexico will concentrate on underwriting jets, some turbo-propelled aircraft, and…

XL Catlin looks to plug motor terror gap

XL Catlin looks to plug motor terror gap

XL Catlin looks to plug motor terror gap

XL Catlin has launched a global terrorism product for commercial motor fleet operators, helping plug a gap that currently exists in cover. Recent years have seen terror attacks in Europe and North America where vehicles have been used as a weapon, causing bodily injury, physical damage and business interruption. Last year, a terror suspect killed eight people by driving a…

XL Catlin appoints global practice leader for cargo

XL Catlin appoints global practice leader for cargo

XL Catlin appoints global practice leader for cargo

Andrew Coutts has been appointed as global practice leader for cargo at XL Catlin’s insurance operations. According to XL Catlin, he will be responsible for managing a global underwriting team and one of the largest cargo insurance portfolios in the London market. Mr Coutts joins XL Catlin from Brit Global Specialty, where he worked for nearly ten years as cargo…

XL Catlin appoints new president of global excess casualty

XL Catlin appoints new president of global excess casualty

XL Catlin appoints new president of global excess casualty

XL Catlin has appointed Donnacha Smyth as president of global excess casualty insurance, in a move that sees him return to the insurer after two years heading the international excess casualty team at Aspen Insurance. Mr Smyth, who was chief excess casualty officer at XL Catlin between 2007 and 2016, will be based in Dublin. He will lead the group’s…

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