London, UK – 3rd September 2012 - XL Group plc’s (“XL”) (NYSE: XL) insurance operations (XL Group) today announced that it has extended its global programme offering with the launch of XL WorldPass Environmental.The product has been developed to provide coverage to a very broad range of industrial and commercial operators.
The solution combines XL Group’s world class technical underwriting expertise in environmental insurance with its global programme capabilities, which are supported by a leading edge IT platform and a global claims management system.
Simon White, Head of Underwriting, Environmental Liability, International Primary Casualty, said: “Increasingly stringent international environmental legislation has made the risk transfer requirements of multinational companies complex. Additional challenges come from the dynamics of globalization, business expansion, tighter regulations and more demanding corporate governance frameworks. The XL WorldPassEnvironmental global programme solution gives our clients the capability to respond to these specific risk management and servicing requirements in an efficient, transparent and compliant manner.”
About XL Group plc
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 throughout the world.
XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit xlgroup.com
About XL’s Insurance Operations
XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance.
XL Group is the global brand used by XL Group plc’s insurance subsidiaries.