XL Catlin has expanded to insure yachts of all sizes.
Richard DeSimone, the chief underwriting officer of marine in XL Catlin's Americas region, said, “The result of bringing together the Catlin and XL Group marine teams is a larger, more experienced underwriting and claims team with more capacity to cover a broader range of yachts. We're excited about the additional opportunities that our extended appetite will offer us, especially as we continue to build strong working relationships in the yachting community.”
“No other yacht insurance carrier in the market has invested in the wide range of resources and capacity that XL Catlin now has,” said Rick Salway, vice president and recreational marine manager. “Given our new underwriting and claims capabilities, we are able to address the insurance needs of yachts valued from $50,000 to $50 million. No matter what the vessel's value, XL Catlin can offer our clients strong capacity and the global reach and experience of a truly global marine insurer.
“We're looking forward to introducing yacht owners to the newly combined recreational marine operations of XL Catlin and putting our collective 100+ years of marine underwriting and claims experience forward to offer attentive service to address their recreational marine insurance needs,” noted Mr. Salway.
Recently, the America's Cup Event Authority (“ACEA”) named XL Catlin the official insurance partner of the 35th America's Cup. XL Catlin also partnered with ACEA as the presenting partner of the America's Cup volunteer program.
Learn more: www.xlcatlin.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].