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…

People risk in international programmes

People risk in international programmes

People risk in international programmes

It is often said that the human workforce is a company’s most precious asset. And as companies of all sizes continue to expand, and more employees travel for their jobs, it’s even more important for risk managers to keep a handle on people risks. Companies can protect their people using their accident and health international programme structures, explains Toni Le…

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…