XL Catlin, the global brand name used by XL Group Ltd. (XL - Free Report) , recently introduced an all-inclusive new logistics services insurance policy, to help U.S. businesses manage risks associated with storing, handling and transporting goods from one place to another.
The latest insurance policy, Logistics Services Coverage Solutions, will help logistics companies by offering customized inland marine insurance for almost all kinds of commodities. The policy will enable the companies to address risks related to order processing, packaging, consolidation, inventory control, transportation, warehousing and data management, efficiently and effectively.
The insurance policy has been established to help the logistics companies in addressing their day to day disruptive operational risks, whether in route or onsite.
Given the complexities involved with supply chains, XL Catlin has ensured that this insurance coverage is simple. To that end, the company has taken thoroughly assessed the potential exposures faced by logistics companies, which has resulted in the creation of a comprehensive coverage portfolio. In addition, the insurance policy will cover transportation of goods on a broad range of conveyances, including delivery by drone.
The latest logistics product has been created mainly for the companies with more advanced and complex logistics and thus, will be able to offer all phases of supply chain management to clients. Moreover, the new coverage will meet the ever-changing demands of logistics companies as well as protect business operations.
The launch of this insurance policy will help the property and casualty (P&C) insurer to serve its clients more efficiently. Also, these strategic initiatives will enable the insurer to boost its client base and enhance revenue generation.
Currently, XL Group carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the same space include National Interstate Corporation , Argo Group International Holdings, Ltd. and Arch Capital Group Ltd. (ACGL - Free Report) .
National Interstate, a specialty P&C insurer, saw the Zacks Consensus Estimate increasing 7.6% and 7.3% for 2016 and 2017, respectively, over the last 60 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Argo Group, another P&C insurer, witnessed the Zacks Consensus Estimate increase 21.6% and 3.1% for 2016 and 2017, respectively, over the last 60 days. The insurer holds a Zacks Rank #2 (Buy).
Arch Capital Group, a P&C insurer, saw the Zacks Consensus Estimate rise 2.9% and 1.4% for 2016 and 2017, respectively, over the last 60 days. The company holds a Zacks Rank #2.
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