XL Catlin has launched three coverages catering respectively to mid-sized companies, publicly listed companies and financial institutions in France, enhancing its directors and officers insurance offering.
These solutions protect business leaders –whether they act as CEO, directors, managers– and their personal wealth when they are being held liable in the performance of their company duties, both at home in France and in other countries they may operate in.
XL Catlin France Financial Lines underwriting manager said: “As claims against companies and their directors are on the rise, Directors & Officers insurance has become an essential insurance purchase for companies who need to attract and protect their senior staff. However, because companies don’t all have the same insurance needs, we now offer coverages specific to their size and activities.”
XL Catlin France France & Southern Europe – Insurance regional director Bruno Laval said: “There are nearly 5,000 mid-sized companies in France. In 2011, they generated €1,038bn in revenue. We want to accomodate these enterprises, as they expand, by making our financial lines expertise available to them and providing the right solutions and level of support.”
XL Catlin’s Global Professional team offers a broad range of insurance coverages including Professional Indemnity, Fraud, Cyber, as well as solutions designed specifically for financial institutions, such as Operational Risk insurance, recently launched in France.