NEW YORK, April 21, 2017 /PRNewswire/ -- XL Catlin's Multinational Casualty business introduces a new international liability coverage form designed to help US-based multinational companies address their most complex casualty needs.
According to Jim Barbuti, Head of Multinational Casualty in XL Catlin's Global Risk Management business, "Operating in today's global economy is complex. Clients seek solutions that are tailored to meet their needs and policy language that is clear and easy to understand. Our new form takes all of the benefits that a traditional XL Catlin multinational casualty program is known for, broadens cover in key areas and streamlines policy language."
A key element of a successful multinational casualty program is the coordination of coverage territory between the domestic general liability and the international liability policies. XL Catlin's International Liability policy addresses this challenge. According to Mr. Barbuti, "We understand the uncertainties clients face in managing global operations. While standard policy forms can be amended to address these exposures, our new form provides a simplified approach for our clients."
XL Catlin's Global Risk Management business provides integrated global primary casualty insurance programs for US-based companies' operations. Our programs are designed to match our clients' geographic footprint. Available coverages for multinational businesses include general liability, excess commercial auto, foreign voluntary workers compensation and employers' liability. Through its global network, the XL Catlin insurance companies can offer insurance coverage in more than 215 countries.
About XL Catlin Insurance Operations
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. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd's (NYSE: 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. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xl-catlin-launches-enhanced-international-liability-insurance-for-us-based-businesses-300443245.html
SOURCE XL Catlin