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Capital & Insurance
Friday, 20/07/2018, 08:13:40 AM
XL Catlin Increases Aviation Insurance Limits
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XL Catlin’s North America Aviation insurance business has increased its aircraft hull and liability limits by 50 percent to accommodate companies with aviation risks in the U.S. and Canada.

XL Catlin’s aircraft hull policy limits have been increased to $75 million from $50 million and its liability limits are currently $750 million, increased from $500 million. This expansion of limits also applies to XL Catlin’s Aircraft Products Liability and General Liability offerings that are placed on a 100 percent basis.
According to Paul Tuhy, chief underwriting officer of XL Catlin’s Global Aerospace business, XL Catlin is “intent on taking a top three position in the global aviation insurance market.”

XL Catlin’s underwriters and aviation claims specialists are based in New York, Boston, Chicago, San Francisco, Toronto and Calgary. XL Catlin’s North America aviation team offers a suite of aviation insurance coverages for traditional and specialized companies, including major and regional airlines and corporate fleets, through to component manufacturers and fixed-base airport operators.

The XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.

Source: insurancejournal.com

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