XL Insurance Introduces New Commercial Marine Liability Policy
December 06 2006 - 1:00PM
PR Newswire (US)
NEW YORK, Dec. 6 /PRNewswire/ -- XL Specialty Insurance Company,
part of XL Capital Ltd's ("XL") insurance operations ("XL
Insurance") today unveiled a new Commercial Marine Liability (CML)
policy available through its Marine & Offshore Energy (MOE)
unit. Designed for shipyards, marine terminals, stevedores and
other maritime operations, XL Insurance's new CML policy provides
primary liability coverage with limits up to $1 million. According
to Jeffery Kaufmann, Chief Underwriter - Marine & Offshore
Energy (Americas), the program will be serviced in the U.S. by XL
Insurance's regional marine underwriters. "Through our regional
underwriting teams, we are able to offer our marine clients
exceptional local service with access to XL Insurance's broad and
global product mix," he said. "With our local expertise, we are
well equipped and determined to keep pace with the marine
industry's changing risk management needs by introducing enhanced
programs such as this new CML policy," Mr. Kaufmann added. XL
Insurance's Marine & Offshore Energy unit provides a broad
array of coverages to the marine industry, including Cargo,
Bluewater Hull, Brownwater Hull, Primary and Excess Liabilities.
"XL Insurance" is the global brand used by member insurers of the
XL Capital Ltd group of Companies. XL Capital Ltd, through its
operating subsidiaries, is a leading provider of insurance,
reinsurance coverages and financial products and services to
industrial, commercial and professional service firms, insurance
companies, and other enterprises on a worldwide basis. As of
September 30, 2006, XL Capital Ltd had consolidated assets of
approximately $59.8 billion and consolidated shareholders' equity
of $9.5 billion. More information about XL Capital Ltd is available
at http://www.xlcapital.com/. DATASOURCE: XL Insurance CONTACT:
Christine Weirsky, Media Relations, US, XL Capital,
+1-610-321-9594/ Web site: http://www.xlcapital.com/
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