XL Insurance Announces New Excess Professional Liability Capacity for Architectural and Engineering Firms
- March 03, 2008
EXTON, Pennsylvania, March 3, 2008 - XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the availability of excess professional liability coverage, with limits up to $25 million, for architectural and engineering (A/E) firms.John Glancy, Chief Underwriting Officer of XL Insurance’s Global Professional operations, commented: “XL Insurance has made a name for itself as a quality excess insurance provider. At the same time, we have built an equally strong reputation as a provider of specialty coverages including professional liability for design professionals.”“XL Insurance’s excess liability coverage now offers architects and engineers the opportunity to reinforce their primary layer of professional liability protection with XL Insurance’s financial strength and to benefit from the most knowledgeable underwriters and claims handlers dedicated to serving the A/E industry,” said Mr. Glancy. “XL Insurance’s entry to the A/E excess market is bolstered by our Design Professional group’s ongoing work with large-firm clients in risk assessment and loss prevention. Our industry expertise and service could make a big difference to brokers and A/E firms seeking an additional layer of insurance protection.”A/E professional liability excess coverage will be provided by Indian Harbor Insurance Company, a member of the XL Insurance group of companies, rated A (Excellent) by A.M. Best.”XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of Companies. XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. More information about XL Insurance and its products is available at www.xlinsurance.com or at www.xlgroup.com.
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