Product Family


former CEO of XL Catlin

One doesn’t prepare and position for the future by accident.  You make it happen.   And, after months of planning and preparation that is what we have done.  XL Group and the Catlin Group are now one, XL Catlin.We’re an organization with enhanced scale, deeper product offerings, added expertise and an extended, more capable geographic reach.   We’ve instantly grown in a lot of ways and we’re excited about it. And while both XL and Catlin were successful on their own, and each could have continued independent well into the future, we’re better together.With our combined operations, we’ve enhanced scale to match many of our brokers; to be the preferred partner of the alternative capital providers; to make more efficient use of capital; and to effectively address regulatory requirements. Through joining forces we have obtained a stronger market position and an economy of scale that will allow us to leverage our collective strengths to take on new opportunities, most importantly helping our clients address the complex risks they’re facing now and, given the fast-pace of change in the world today, the ones that will be here tomorrow.We are not the first (re)insurers to join together and most likely, we won’t be the last.  You only need pay slight attention to sector headlines at the moment to know M&A is on the minds of most (re)insurers at the moment. Competitive market and regulatory pressures are requiring commercial (re)insurers to change how they operate.For one, scale has become more and more important over time.  It affords us the ability to strengthen our global operations.  It also affords the wherewithal to invest in analytical systems that can deliver insight to underwriters for better decision making; and provides us the opportunity to develop proprietary insight about risk – to do more with the data we have and to use new data to find the answers our clients need.  But, it can’t be scale for scale’s sake. Just getting bigger doesn’t make you better. It has to be scale with a purpose – with a strategic rationale that builds on strong cultural similarities to make something even stronger and with an economic rationale that lets you deliver value to your shareholders. Our purpose in this action is clear. It’s what makes our combination different from others that have and will occur. And we think it is the foundation for long-term success.Operating More Globally, More SpecializedOur clients also contend with fast-changing regulations and local policies that can have a dramatic impact on their operations. That’s a key benefit of our extended global network.  We have more local underwriting, claims and risk engineering expertise to help our clients address domestic and multinational risks as they expand their own global footprint – we operate where our clients work and where the difference we can make is most meaningful. Globalization will, of course, continue to change the way we all operate, the way we all do business.  Some economies are barely recognizable from even 50 years ago.  Even the insurance industry has seen an accelerated move from asset protection to business protection from insuring physical property and assets to contemplating how we insure data, bytes, and risks based in reputations.  With these shifts the nature of risk is becoming more complex.Given this complexity, specialty insurance – the ability to tailor a complex risk solution for unique risk problems – we think, will become more important in the future.  Think about the risks that are weighing heavily on business today and how those risks are changing -- political risk, supply chain, social unrest, terrorism, cyber, recalls, fraud, and pollution, to name a few.  All require a specialist bent. Even the average car manufacturer today uses computer chips and electronics manufactured all around the world, creating an increasingly long supply chain more vulnerable to disruption and risk.  Growing interdependence of international value chains across so many industries makes the consequences of major systemic disruptions difficult to manage.    And let’s not forget about every company’s growing use of technology and their increased cyber exposure.   Some have estimated that to protect against cyber-attack risk, companies will need to purchase some $1 billion of insurance cover. And now, XL Catlin can build on our specialist, complex risk driven cultures to help drive even faster change.There are also highly technical, complex global industries like marine, energy, and construction which play a pivotal role in our global economy and require very specialized (re)insurance solutions and risk management expertise to help them protect profits, lives and reputation.  Clearly the risks companies face and the risks themselves are multiplying, mutating and becoming more complex in nature and require different and more specific training. The reality is that today’s fast pace and complexity requires new levels of collaboration and forward-thinking to create the kind of innovation needed to match some very complex problems.   We need to be ready to solve problems and insure risks that don’t even exist today.  To solve those problems and insure those risks, we intend to make the most of a bigger group of talent we now have assembled, our wider range of distribution channels and geographies, enhanced suite of capabilities and products and enhanced capacity.We’ve joined together to do great things, solve complex risks and make growth happen for us, and our clients. Getting to this point, where we are operating as one company, has taken months of intense preparation from hundreds of our colleagues. And now, we’re excited to get going, and to continue helping make the world go. 

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US- and Canada-Issued Insurance Policies

In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following AXA XL surplus lines insurers: XL Catlin Insurance Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor Insurance Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.