XL Catlin Adds Commercial Bonds to Political Risk, Credit and Bond Insurance Product Suite
New York - July 19, 2017
To further support customer’s national and international transactions, XL Catlin has launched a suite of Commercial Bonds for clients across the public and private sectors in the United States. By offering a wide range of commercial bonds, we can service a variety of industries including manufacturing, real estate, energy, education, technology, financial institutions and retail.
XL Catlin’s Political Risk, Credit and Bond (PRCB) insurance team now offers commercial bonds to Fortune 1000 accounts, public and privately owned, from middle market to multinational companies. The commercial bond products include supply, customs, license and permit, lost instrument, court bonds (appeal, replevin, injunction, admiralty), depository, performance and payment for service providers, subdivision, reclamation, closure / post closure, workers compensation, utilities.
Dan Riordan, Global Head of PRCB said “As a leading market for PRCB business, we are relentlessly focused on strengthening our capabilities and product offering. We have set up a team of experts with a wealth of experience in the commercial bond space which will further support the needs of our clients and partners across multiple sectors and industries.”
The launch of XL Catlin’s Commercial Bonds follows the May 1st, 2017 appointment of Maria L. Duhart to lead the Commercial Bonds underwriting team. Ms. Duhart is now joined by Patrick Dougherty who has been appointed Regional Director of Commercial Bonds for the Mid Atlantic and Northeast Regions of the US. XL Catlin’s commercial bonds are backed by one of the strongest credit ratings in the market with up to $100 million single limits capacity. For a full list of specialized commercial bonds visit: XL Catlin Commercial Bonds.
XL Catlin offers political risk, credit and bonds to clients involved in trade, finance, infrastructure, energy, and other sectors. Clients include multinational companies, financial institutions, exporters and manufacturers, commodity traders, and export credit agencies and development finance institutions.
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.