XL Catlin has been voted in as the newest full voting member of the Berne Union, the leading association for the global export credit and investment insurance industry.
XL Catlin will be represented at the Berne Union by the Political Risk, Credit and Bond (PRCB) team, which provides a broad range of insurance solutions for a wide variety of companies operating internationally including: exporters, traders, banks, investors, export credit and public-sector multilateral agencies, which are trading and investing around the world.
“We are delighted that we have been admitted as a full member of the Berne Union. XL Catlin has been an active Observer of the Union’s work for several years, engaging with all initiatives and we welcome the opportunity to fully join this prestigious organization”, said Dan Riordan, XL Catlin’s Global Head of PRCB. Mr. Riordan has had a long association with the Berne Union, holding the position of President between 2013 and 2015.
Founded in 1934, the Berne Union represents 84 companies from 73 countries, including export credit agencies, public and private insurers and multilateral agencies. In 2016 Berne Union members provided payment risk protection to banks, exporters and investors amounting to more than $1.9 trillion – equivalent to 11% of total world cross border trade* (according to WTO Statistics).
Berne Union President, Topi Vesteri also welcomed the confirmation of XL Catlin’s promotion, commenting that “Throughout their tenure as Observers, XL Catlin have engaged energetically and enthusiastically in Berne Union meetings and initiatives. We are delighted to confirm their promotion to full membership status and look forward to benefiting from the added expertise they will bring to the Berne Union family in the coming years.”
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.
Brenna Ruiz-GordonCommunications Director - Americas