NEW YORK, Nov. 9, 2015 /PRNewswire/ -- To meet the
continued demand for standalone equipment breakdown insurance, XL
Catlin's North America Property business has boosted its monoline
equipment breakdown insurance capabilities with the expansion of
its underwriting team in North
America.
"Businesses rely on equipment to conduct business in many ways,"
according to Joseph Tocco, Chief
Executive of XL Catlin's Americas region. "Since equipment is such
a vital part of operations, a growing number of businesses choose
to insure against equipment failure with standalone insurance
coverage. Others still prefer to package this protection with
their commercial property insurance. Whichever option they favor,
our larger, North American enhanced team of seasoned equipment
breakdown underwriters and risk engineers is committed to
delivering the attention and service that our clients need to keep
their equipment and operations running smoothly."
"Our monoline equipment breakdown business has grown
impressively since its inception in late 2011," noted Michele Sansone, President of XL Catlin's
North America property business.
"With continued demand for monoline equipment breakdown protection,
and now, a team that many, including myself, would consider the
best in the business, we're postured for more."
XL Catlin's Equipment Breakdown
team's new underwriting recruits include:
- Amanda Hernandez in
San Francisco, California.
Ms. Hernandez brings more than a decade of equipment breakdown
underwriting experience, most recently as the regional manager for
Zurich's Global Corporate Property
division.
- Amy Fox in
St. Louis, Missouri. With
21 years of equipment breakdown underwriting, marketing and sales
experience, Ms. Fox has a proven track record of experience working
with clients throughout the Midwest.
- Richard Hajduk in
Chicago, Illinois -- A
25-year veteran of the equipment breakdown insurance market, Mr.
Hajduk brings extensive equipment breakdown underwriting experience
for a wide variety of industries, from agricultural to food
processing, from manufacturing to warehousing, among
others.
"With our extended geographic footprint and with Amanda, Amy and
Richard on board, we look to continue on our path of profitable
growth within our monoline equipment breakdown book," said Brian
Strain, Senior Vice President and Head of Equipment Breakdown
business for XL Catlin.
XL Catlin's equipment breakdown
coverage, Up+Running, provides protection against
financial losses that result from the breakdown of equipment and
result in business interruption, equipment repair, or replacement
costs.
About the XL Catlin Insurance Operations
The 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 plc'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