MEXICO CITY, June 21, 2018 /PRNewswire/ -- XL Catlin
today announced the launch of specialty aviation insurance in
Mexico. The new product suite will
initially focus on general aviation hull and liability risks.
Pablo Crain, Country Manager, XL
Catlin, Mexico said: "As a leading
market for specialty insurance we are relentlessly focused on
strengthening our capabilities and product offering. XL Catlin
today is one of the leading aviation insurers in the world. We have
a team of experts with a wealth of experience in the US,
Canada and in Latin America who are ready to work hand in
hand to support the needs of our clients and partners."
XL Catlin has underwritten aviation insurance for many years and
is a leading underwriter of general aviation risks worldwide. With
an established presence in Latin
America and aviation teams in Brazil, the United
States and Canada,
expanding in Mexico is the next
step to help general aviation customers manage risk and keep moving
forward.
Juan Pablo Caso, Client
Distribution Leader for XL Catlin, Mexico added: "With consistent increases in
passenger traffic and aging fleets, Mexico's general aviation sector is poised for
growth. This is a great opportunity for a seasoned aviation
underwriter like XL Catlin to enter the market. The major
manufacturers of business aircraft all have production and service
centers in Mexico. Another sign
pointing to ongoing demand is the planned 2018 expansion by the
country's leading business aviation companies and their fleet of
fractional-ownership jets."
XL Catlin offers a comprehensive suite of Aviation insurance
options, including multi lines within aviation for individual
clients. The new offering in Mexico will concentrate on underwriting jets,
some turbo-propelled aircraft and helicopters, with a maximum age
of 28 years. The new product offers broad coverage locally in
standard policies along with complementary endorsements through
global and national insurance brokers.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd's
(NYSE:XL) insurance and reinsurance companies which provide
property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to
XL Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin