XL Catlin launches Political Risk, Credit & Bond insurance in France
Paris, France - January 23, 2018
XL Catlin’s insurance operation in France today announced new local underwriting capabilities with the appointment of Eric Zandvliet as Head of Political Risk, Credit & Bond (PRCB) – France & Benelux. Mr. Zandvliet will be based in Paris, France.
Bruno Laval, Regional Manager, France & Southern Europe, commented: “Large French companies have historically been keen exporters and investors overseas. In 2016, French investments abroad equalled half of the country’s GDP while exports represented 30% of its GDP. In today’s world, the risk of interruption associated with a number of situations –such as expropriation, breach of contract or payment default – is ever present and demand for insurance solutions that respond to these threats is on the rise.”
He added: “As recognised experts in political risk insurance globally, we’re pleased to deploy that capability in the French market, underwritten locally.”
Eric Zandvliet brings more than twenty years of risk analysis and underwriting experience with a strong focus on political risk. He first joined XL Catlin in London in 2002 as Assistant Vice President, Economic and Political Analyst, before becoming a Political Risk & Credit Underwriter two years later. He joined Starr Underwriting Agencies as Senior Underwriter and Head of Risk Analysis in 2009. Since 2014, he has held the role of Senior Underwriter, Political Risk, Credit & Bond at XL Catlin. Mr. Zandvliet is a graduate of Dartmouth College and Georgetown University.
Dan Riordan, President of Political Risk, Credit & Bond Insurance at XL Catlin, also commented: “Political risk insurance is a valuable tool in mitigating threats associated with political instability, especially in the current geopolitical environment. Eric’s global expertise and underwriting experience position him ideally to look closely at opportunities that will make a difference for our clients and brokers in France. I am also delighted that we were able to find a suitable candidate for this strategic role within our existing team.”