XL Insurance and CIMI Professional Sign Underwriting Agreement to Provide Coverage to Long Term Care Facilities

EXTON, Pennsylvania and CHANDLER, Oklahoma, Nov. 8, 2010 /PRNewswire-FirstCall/ -- XL Insurance, the global insurance operations of XL Group plc (NYSE: XL) and CIMI Professional (CIMI Pro), the professional liability underwriting division of Chandler Insurance Managers, Inc. (CIMI) today announced a new joint underwriting agreement to provide professional liability and general liability insurance coverages to the long term care industry, including skilled nursing, assisted living and independent living facilities.

Commenting on the new agreement, John Hartman, XL Insurance's Chief Underwriting Officer of Programs, said: "CIMI Pro's expertise in long term care underwriting attracted XL Insurance's interest in this unique program.  They have an in-depth understanding of their market and the risks they evaluate.  They are truly a 'best in class' provider to the growing long term care market."

Lance LaGere, CIMI's Executive Vice President and Chief Operating Officer, said:  "XL values underwriting expertise as much as we do.  We both recognize that long term care facilities face unique risks and that the solutions we provide them should be tailored to meet their needs.  We have developed a distinctive data-driven underwriting approach that I believe, truly enhances the quality of coverage and service we offer our clients.  With XL Insurance's support and cooperation, we are looking forward to building on our service commitment to provide our long term care clients with effective risk transfer and risk management solutions."  

CIMI Pro will offer long term care facilities both professional and general liability coverages through one of the XL Insurance companies approved to write insurance coverages throughout the United States.  Limits are available up to $5 million in both professional and general liability coverages.

CIMI Pro's unique underwriting approach uses model driven insight and clinical expertise provided by PointRight Inc., the industry leader in providing data driven analytics and decision support to the long term care industry. Sedgwick CMS, the largest third party claims administrator in medical liability, will provide claim management services for CIMI Pro clients. 

About CIMI Pro

CIMI Pro is a division of CIMI, an underwriting manager with extensive underwriting knowledge in multiple industry segments. CIMI Pro is staffed by a team of experienced insurance professionals with a strong background in underwriting, actuarial and legal disciplines, concentrating on the long term care industry.  

About XL Insurance

XL Insurance's North America Programs group specializes in customized program solutions for market-leading Program Administrators with demonstrated underwriting and marketing excellence. The group works with Program Administrators possessing unique industry skills, specialized underwriting talent and a proven record of success with managing books of program business.  XL Insurance is the global brand used by XL Group plc's insurance companies and underwriting divisions offering property, casualty, professional and specialty insurance products throughout the world. More information about XL Insurance's North America Program group is available at www.xlprograms.com.

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Group plc is available at www.xlgroup.com.

SOURCE XL Insurance