XL Catlin's insurance operations today announced the launch of a new team to focus on alternative risk transfer and non-traditional insurance globally, effective immediately.
The team, named Structured Risk Solutions (SRS) is a dedicated global underwriting unit charged with providing XL Catlin’s clients with customised solutions for large and complex risks where there is currently no traditional insurance product offered by the market. SRS’ offering to clients and brokers includes:
Bespoke risk transfer solutions for new and emerging risks for corporate Clients and Financial Institutions;
Multi-year, multi-line structured (re)insurance solutions for Captive insurance companies;
The SRS team will be led by Rob Turner – Global Head of SRS, who joined XL Catlin in 2015.
Commenting on the new global team, Paul Brand, Chief Underwriting Officer and Chairman of XL Catlin’s Insurance Leadership Team said: "We believe the market opportunity for this type of business is significant; risks are evolving and increasingly clients look to us to find non-traditional and innovative approaches to manage their exposures. We believe we have the expertise and appetite to make a real difference in this space."
The team is located in London, across European locations and is expanding to New York shortly.
The XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner.
XL Catlin is the global brand used by XL Group plc’s (XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.