XL Group plc and Catlin Group Limited Join Together, Launch Unified Brand and New "Insurance for a Bold New World" Global Marketing Campaign
DUBLIN, Ireland, May 4, 2015 /PRNewswire/ -- Following the completion of XL Group plc's ("XL") (NYSE: XL) acquisition of Bermuda-based Catlin Group Limited ("Catlin") on May 1, XL and Catlin have officially joined operations and today launched a new brand, XL Catlin. A new global marketing campaign, reflecting the greater scale, ambition and opportunity for the combined company to develop innovative risk solutions for complex risk problems will launch May 5.
As of today, XL's insurance and reinsurance operations will use the brand name XL Catlin. The parent company will remain XL Group plc.
XL Catlin's CEO Mike McGavick said: "We believe that the specialty and complex risk (re)insurance space is where the greatest opportunities exist for a (re)insurance company like XL Catlin to make the greatest impact. As risks are changing very fast and innovation becomes the most important skill, our new brand reflects our aspiration and what we believe is the real opportunity for XL Catlin to truly break new ground in our sector. And of course, the new XL Catlin name reflects the deep history built by our colleagues around the world, combined into a single company with greater scale and purpose. We're thrilled to launch this brand today and even more excited to be up and running as XL Catlin."
"Throughout the integration process, our goal has been to take the best of both XL and Catlin and create something even stronger," explained Stephen Catlin, XL Catlin's Deputy Executive Chairman. "XL Catlin has enhanced scale, a more diverse product set and a robust balance sheet, making us uniquely able to craft solutions for today's and tomorrow's risks. We've achieved greater scale with purpose."
XL Catlin's new marketing campaign – "Insurance for a Bold New World" – reflects the specialty (re)insurer's commitment to a heightened level of collaboration and forward-thinking to create a new level of insurance innovation needed to address businesses' complex problems.
"Our new brand and marketing campaign assumes features of both XL and Catlin's personalities and our collective history as innovators," said XL Catlin Chief Communications & Marketing Officer Elliott Bundy. "We've retained XL's 'Make Your World Go' tagline and taken it a step further to reflect our readiness to collaborate closely with clients to develop or create solutions for both familiar and more complex risks and add the most value to their risk management strategies."
New "Insurance for a Bold New World" advertisements invite businesses to talk to XL Catlin companies about insuring new ideas ("Insure that idea no one has seen yet"), products ("Anyone got any better ideas") and innovative business models ("Anyone thinking intergalactic tourism").
Also launched today is the company's new website, xlcatlin.com, to share information about XL Catlin's broad product portfolio and new position in the market.
The new XL Catlin brand launches today in various business publications, insurance trade journals, online networks, and in placements at major transportation hubs such as London's Liverpool Street Underground Station, and Frankfurt, Paris Charles De Gaulle, Zurich and Bermuda's L.F. Wade International Airports. For more information, visit "Our Brand" site.
XL partnered with Venturethree, a London-based global brand studio, to develop the new brand, with London-based creative agency Atomic London to create and design the advertising campaign, and with Investis, an international digital corporate communications and investor relations company, in launching the new xlcatlin.com.
About the XL Catlin Insurance Operations
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. To learn more, visit xlcatlin.com.
About the XL Catlin Reinsurance Operations
The XL Catlin reinsurance companies are among the world's leading reinsurers. They offer products that include aerospace, property, casualty, marine and specialty. The world's top insurers choose XL Catlin to help move their businesses forward. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group plc'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.
Photo: http://photos.prnewswire.com/prnh/20150501/213400
SOURCE XL Group plc
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