XL Insurance, the global insurance operations of XL Group, has introduced XL WorldPath, a new set of insurance solutions for North America-based multinational companies with cross-border insurance coverages to help address international legal, regulatory and tax compliance considerations.
The insurer said that the XL WorldPath is a set of solutions for multinational companies to manage their property, casualty, and environmental insurance coverages globally.
Working with their clients and brokers, XL Insurance’s global underwriting team developed an insurance program, structured to meet regulatory, legal and tax requirements for their clients’ operations around the world.
XL Insurance’s North America Property & Casualty unit chief executive Seraina Maag said with XL WorldPath, XL Insurance brings together the significant global capacity, underwriting skills and servicing capabilities in more than 100 countries to offer clients options in managing their global exposures.
"XL WorldPath offers a comprehensive, integrated approach, including loss prevention and claims management services, for our clients’ global risk management efforts.
"And through our global claims platform, XL GlobalClaim, our clients gain access to high-quality, efficient data tracking and reporting to help them monitor their exposures, aggregates and claims activity globally," Maag said.