XL Insurance, the insurance operation of XL Capital Ltd., announced yesterday it had completed the acquisition of Global Asset Protection Services LLC from Swiss Re. The purchase price was not announced
GAPS is described as a provider of unbundled loss prevention consulting services, offering risk management solutions to risk managers, insurance brokers and insurance company clients. The acquisition was first announced Nov.16.
XL said GAPS employs engineers worldwide with a strong presence in the United States, Europe, Asia and Australia. The GAPS operation and XL Insurance's existing loss prevention services are being merged to form XL GAPS. XL GAPS will remain independent of XL's underwriting operations, XL said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
