XL Group's Excess Liability business is set to offer umbrella and excess liability coverages for upper middle market businesses in North America.
Commenting on the extension, XL Group Global Excess Liability business president Lorraine Seib said that businesses of all sizes are vulnerable to severe mishaps.
"And just one – a costly court settlement, a devastating auto accident in a company vehicle, an explosion at a manufacturing plant – can quickly eat away at a business’ general liability coverage and severely impact a business’ ability to survive when it does," Seib added.
"Not only can we offer the individual attention they should expect when seeking quality excess protection, we also bring access to significant domestic and global capacity, combined with more than 25 years of proven experience managing excess coverage for the largest of companies and a dedicated claims team."
Offering insurance services in more than 140 countries, XL Group’s regional Excess underwriting and claims teams are located in New York, Exton, Chicago, Kansas City, Dallas, and Atlanta.