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XL Catlin Enhances Global Property Insurance Capacity
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XL Catlin, the global brand name used by XL Group Ltd’s insurance and reinsurance companies, recently extended its global property insurance capacity to $400 million. This is more than 25% higher than the earlier capacity of $300 million.
The enhanced capacity will be available on a quota share or layered basis, in line with the various global and property insurance requirements of commercial businesses and industries.
XL Catlin remains updated about the changing property risk management needs of its clients. The company notes that commercial and property values have risen, facilities have become more high tech, and natural catastrophe events have been increasing in recent times. Hence, the insurer believes that its increased capacity will help it to address such changes much more effectively and participate actively in its clients’ global property protection efforts.
Given the operational expansion and continued efforts to extend global reach, businesses are in need of cross-border insurance protection. In such a scenario, XL Catlin’s extended capacity and ability to provide insurance beyond 200 countries make it a strong insurance partner for any global business.
Apart from the newly increased $400 million capacity, XL Catlin will be offering another capacity of up to $1 billion exclusively for clients, purchasing 100% of its property insurance through its Platinum Property program.
XL Catlin provides risk transfer and risk management solutions to global and local businesses. The company offers worldwide capacity for a variety of exposures, strong underwriting expertise and dedicated loss prevention services to name a few.
Currently, XL Group carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space include Allied World Assurance Company Holdings, AG (AWH - Free Report) , National Interstate Corporation (NATL - Free Report) and NMI Holdings, Inc. (NMIH - Free Report) . Each of these stocks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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XL Catlin Enhances Global Property Insurance Capacity
XL Catlin, the global brand name used by XL Group Ltd’s insurance and reinsurance companies, recently extended its global property insurance capacity to $400 million. This is more than 25% higher than the earlier capacity of $300 million.
The enhanced capacity will be available on a quota share or layered basis, in line with the various global and property insurance requirements of commercial businesses and industries.
XL Catlin remains updated about the changing property risk management needs of its clients. The company notes that commercial and property values have risen, facilities have become more high tech, and natural catastrophe events have been increasing in recent times. Hence, the insurer believes that its increased capacity will help it to address such changes much more effectively and participate actively in its clients’ global property protection efforts.
Given the operational expansion and continued efforts to extend global reach, businesses are in need of cross-border insurance protection. In such a scenario, XL Catlin’s extended capacity and ability to provide insurance beyond 200 countries make it a strong insurance partner for any global business.
Apart from the newly increased $400 million capacity, XL Catlin will be offering another capacity of up to $1 billion exclusively for clients, purchasing 100% of its property insurance through its Platinum Property program.
XL Catlin provides risk transfer and risk management solutions to global and local businesses. The company offers worldwide capacity for a variety of exposures, strong underwriting expertise and dedicated loss prevention services to name a few.
XL GROUP LTD Price
XL GROUP LTD Price | XL GROUP LTD Quote
Zacks Rank and Stocks to Consider
Currently, XL Group carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space include Allied World Assurance Company Holdings, AG (AWH - Free Report) , National Interstate Corporation (NATL - Free Report) and NMI Holdings, Inc. (NMIH - Free Report) . Each of these stocks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>