XL Catlin-Political Risk, Credit

ID: 238

Type:

Insurer | Nontraditional

Line of business

Political Risk, Credit

Product type:

Political Risk Insurance (including confiscation, expropriation, nationalization and deprivation, currency inconvertibility/exchange transfer, political violence, contract frustration, forced abandonment and divestiture). Trade and Non-Trade Credit Insurance (including project/infrastructure financing, structured finance, and working capital financing)

Parent:

XL Group LTD

Target Industry:

Exporters, multinational corporations, private equity investors, commodity traders, engineering, procuring and construction (EPC) contractors, global financial institutions, development financial institutions (DFIs) which also includes multilateral and export credit agencies

Capacity:

PRI: up to $200m any one risk/project

Credit: Trade/Non-Trade up to $150m any one risk/project

Notes:

Tenors:

PRI up to 20 years, Credit: Up to 10 years

Contact Person:

Iva Taylor

Contact Email Address:

Website:

http://xlcatlin.com

XL Catlin-Property

ID: 239

Product type:

Property

Parent:

XL Group LTD

Target Industry:

Consider all classes except Energy (Oil & Gas Industry, Power Generation, Mining and Chemical)

Capacity:

US$500M group capacity

Attachement/Retention:

$100M minimum

Excess of 100-year Earthquake and Named Windstorm PMLs

Excess of 100-year Flood LE

Excess of Fire NLEs

Form:

Follow Form

Contact Person:

Mark Flanagan

Contact Email Address:

Website:

http://xlcatlin.com

XL Catlin (Reinsurance)

ID: 218

Notes:

Like the Lloyd’s Trade Capital, but absent of a capital investment at the “Name” level, we also put ourselves forward to subscribe wholly to the collective traditional purchases that Lloyd’s Syndicates may make. In this vein we offer ourselves as a core multi line reinsurance partner for the long term. Structures are varied, some with a consistent share across all programs purchased, some varied, depending on the appetite and needs of both parties. In addition, these can be tailored where a Loss Ratio Cap and Profit Commission can shape the risk profile accordingly and if so desired.

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Agriculture

ID: 219

Notes:

We consider worldwide risks and offer products including Multi-peril Crop insurance (MPCI), Crop Hail, Named Perils, Livestock, Weather Indices and Derivative Products. We can provide traditional XOL protection, proportional covers or tailored covers (Multi–Year / Multi–Line, Risk Financing, Frequency Covers) for existing or emerging markets in crop yield, revenue, weather/commodity products and for aggregators of crop production such as input suppliers, grain elevators, processors, lending institutions, agribusiness insurers and reinsurers and/or government subsidized Agricultural insurance programs. We serve as quoting and lead market and have significant capacity per program, depending on global portfolio balance, individual risks, and/or relationships with cedants and brokers. The team takes a proactive role with emerging markets, including with product development, feasibility studies, government initiatives for new subsidized programs, etc.

Our strengths are thorough knowledge of Agricultural insurance products, providing support with product design and actuarial pricing with experience in underwriting, risk analytics, actuarial consulting, academic research, tailored products and sophisticated modelling capabilities. Our international book of business has the distribution network established through Agricultural broker network, direct business, governments and over 50 XL Catlin offices worldwide to source business.

Principal Contacts:

Mark Berry                       

Deniece Gordon              

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Casualty

ID: 220

Notes:

Our principal areas of business include:

Medical Malpractice, Professional Liability, General Liability, Auto Liability and Workers Compensation.

We actively focus on supporting specialist mutuals, RRGs and captives.  In addition, we write Non Standard Auto business on a QS basis.

Contact Person:

Jonathan Sutcliffe

Contact Email Address:

XL Catlin (Reinsurance) – Credit

ID: 221

Notes:

Since the credit crisis of 2008/9, we have taken stock of the fundamental change that has taken place in the credit markets. Now, after considerable work in defining risk appetite and the associated data and analytics required, we are looking to find opportunities where we can deploy capital in this space. This will include Mortgage Credit also, which has a very different environment to pre-crisis conditions given the remedial change to the Subprime phenomena. With this class specifically, intense focus is applied to underlying credit characteristics, vintages and contract structures, overlaid with stochastic and deterministic analysis so that we are well equipped to monitor and manage the integrity of our exposure through the underlying tenure. To date, Australia and the USA have had our main attention, but we continue to explore opportunities elsewhere. Overall we are actively seeking the structure and quality of credit portfolios that satisfy our prerequisites, allowing us to offer meaningful capacity to our clients for capital support.

Principal Contacts:

Mark Berry        

Kavan Tucker    

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – International Property

ID: 222

Notes:

Portfolio primarily consists of catastrophe exposure from the larger international markets of Europe, Japan, Australasia, Canada, Chile and Caribbean.

Contact Person:

Richard Slater

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Marine and Multi Line Composite

ID: 223

Notes:

The legacy Catlin franchise has enjoyed a very successful strategy of providing companion support across several of its legal entities for the same underlying business. The Bermuda company has been intimately involved in this strategy and so has dovetailed many participations also written by other group operations. With the XL Catlin Re Bermuda combined entity we will seek to expand our involvement in this market, for with our already existing knowledge and participation in many of the underlying classes, we are ideally positioned to continue and actively expand this portfolio. Our capacity is significant, so with our reach across territory, client and distributor, we hope to achieve a significant competitive advantage and be your go-to market.

Principal Contacts:

Mark Berry                        

Marc Bearman                 

Kavan Tucker                   

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Property

ID: 224

Notes:

We have a book of business including Catastrophe Excess of Loss, Catastrophe Aggregate Excess of Loss, Per Risk Excess of Loss, Aggregate Stop Loss, and Pro Rata; including but not limited to multi-year, Top and Aggregates, Top and Drop, as well as other proprietary products.

Contact Person:

Richard Slater

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Specialty Mono-line

ID: 225

Notes:

The Bermuda Specialty Re team has cultivated a wide variety of diversified traditional lines over 20 years. We are proud to declare that our clients have represented almost every global market, however in recent years these have distilled more towards London centric non-Marine lines for the Bermuda platform. Going forward, we will seek to expand our positions both in existing lines and also other classes previously written where we have the skills and where we believe opportunities warrant. With M&A activity and client consolidation concentrating core trading partners with composite positions across multiple lines, XL Catlin Re Bermuda has a unique opportunity to broaden our risk appetite and grow this business.

Currently our portfolio is comprised of both Quota Share and Excess of Loss transactions in mono-line Property HPR, SME Binder business, Downstream Energy, Nuclear, Terror, Political Risk and A&H. We also categorize “new age risk”, such as Cyber, Intangible Assets and other suchlike emerging risk, as an opportunity, as with nearly all of these highly specialized classes, we align ourselves pari-passu behind experts in the field. We are very happy to compensate handsomely on a performance basis and as such, hope that those underwriters who seek and secure opportunities in these specialty lines, while having faith in their ability to underwrite profitably, will look to garner reinsurance support and a long term partner from XL Catlin Re Bermuda.

Principal Contacts:

Mark Berry        

Marc Bearman  

Kavan Tucker    

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Structured Products

ID: 226

Notes:

With added and specialist resources from the combined talent of XL Catlin Re Bermuda, we believe we are ideally positioned to capitalize on opportunities within the structured products arena. As “Retention” intensifies with M&A activity and the resultant corporate demand to retain business, we seek to position ourselves at the juncture where potential profit retention is challenged by corporate risk appetite, and where buyers seek to stabilize returns should there be an abnormal occurrence in the frequency &/or severity of events, both Catastrophe and non-Catastrophe related. In addition, Solvency II and other capital relief demands we see as a perfect opportunity for us where we can cultivate solid and long term partnerships with our clients and producers. Our competitive advantage will be that we are not only well known to the market, user friendly and with a strong franchise, but also that we are capable of offering this product across multiple lines, with the expertise, knowledge and know-how to execute efficient composite class solutions for our customers.

Principal Contacts:

Mark Berry                        

Marc Bearman                 

Kavan Tucker                   

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – US Property

ID: 227

Notes:

Portfolio is diverse and ranges from covering large nationwide cedants and regional carriers down to the smaller single state carriers.

Contact Person:

Paul Simons

Contact Email Address:

Website:

http://xlgroup.com

XL Catlin (Reinsurance) – Whole Account and Lloyd’s Trade Capital

ID: 228

Notes:

XL Re Ltd has been a pioneer in the field of third party capital since the late 1990’s when Lloyd’s of London first welcomed corporate investment in its underwriting beyond that of just retail Names.  Since then, we have been instrumental in supporting a wide variety of products, from Quota Share to Excess of Loss within corporate limited liability vehicles, and also “gearing” products that allow both small and large retail investors to leverage quality underwriting.  Our client base extends across the spectrum from fully mature and well diversified syndicates, to start up initiatives where we have been instrumental as part of the venture capital in formation.  We take pride in working at the forefront of innovation in this market and are proud to say we have a team of professionals who have the depth and breadth of skills and experience that make us truly a Market Leader.  With significant capacity to offer, we seek to be a very strong, long term and relevant partner to all who trade with us.

Contact Person:

Mark Berry

Contact Email Address:

Website:

http://xlgroup.com

Yang Ming Insurance Co., Ltd.

ID: 260