XL Catlin enhances Life Science insurance solution and strengthens team in Switzerland
Zurich, Switzerland - October 27, 2016
XL Catlin’s insurance operation in Switzerland today announced it has enhanced its Life Science solution and has strengthened the Life Science team with the appointment ofKatja Stuker as Senior Underwriter, effective immediately. Life Science is a prominent industry in Switzerland and Ms. Stuker will be responsible for developing XL Catlin’s Life Science business in the country.Life Science companies are operating in an increasingly complex and litigious environment. Start-ups through to established market leaders in the field are producing a steady stream of ground-breaking products and need the right insurance solutions in place in order to keep innovating.XL Catlin has expanded its Life Science offering to also include cosmetics, functional food and certain chemicals, as well as Pharma/Biotech and Medical devices companies. In addition, the scope of the overall annual exposure considered was expanded up to a maximum turnover of CHF 5 billion for companies in the Life Science industry.Michael Rüsch, Country Manager, Insurance and Underwriting Manager Casualty Switzerland, said: “It is very important for us, especially in areas where clients are developing innovative products to provide equally as innovative insurance solutions that meet their changing needs.Ultimately, our Life Science insurance solutions are designed to support companies through the development phase to clinical trials and market entry through to mass distribution – allowing these companies to drive advancements in their industry. With Katja's leadership, we will expand our existing Life Science product range and bring new opportunities to the market."Daniel Maurer, Chief Underwriting Officer, International Casualty, Insurance, commented: “We have ambitious growth targets for our Life Science business and Katja‘s appointment is part of a global drive to grow XL Catlin’s business in this area. With her impressive range of expertise and excellent market contacts, Katja is ideally positioned to deliver.Before accepting her new role Mrs. Stuker was already working for XL Catlin as a technical underwriter as well as a freelance consultant in the Casualty team. Between 2003 and 2013 she was with Chubb Insurance Company of Europe SE, where she served as Senior Underwriter and was responsible for the life science market. She holds a Graduate Diploma in Law from the University of Passau in Germany.About XL Catlin’s Insurance OperationsXL 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 CatlinXL 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.
Tom ElserCommunications & Marketing Senior Associate