To strengthen its equine capabilities

XL Insurance has purchased an underwriting and claims team from London-based Unicorn Underwriting Limited (Unicorn), a subsidiary of THB Group. With this acquisition, the company has strengthened its equine capabilities.

The team of five is headed by Guy Morrison who has over 20 years of underwriting experience in the international equine insurance market. In his new role as chief underwriting officer of Equine, Mr Morrison will lead XL Insurance’s global equine operations with underwriting centres in London, UK and Kentucky, USA.

The company has also agreed to service the book of bloodstock business formerly underwritten by Unicorn.

Neil Robertson, chief underwriting officer for global specialty at XL Insurance, said: The appointment of Guy Morrison and his team further strengthens our capabilities and commitment to bloodstock insurance. The team has a wealth of global equine underwriting and claims handling expertise, particularly in the London market. We are especially pleased to have worked closely with Unicorn in ensuring a continued quality service for its existing brokers and customers.

XL Insurance’s global equine operations offer a range of bloodstock coverage including mortality, theft, specialised perils, barrenness/prospective foal, stallion availability, infertility and loss of income.