XL Catlin has launched a new team to focus on alternative risk transfer and non-traditional insurance globally.
The team, called structured risk solutions (SRS), is a dedicated global underwriting unit charged with providing XL Catlin’s clients with customised solutions for large and complex risks where there is currently no traditional insurance product offered by the market
It will provide bespoke risk transfer solutions for new and emerging risks for corporate clients and financial institutions, and multi-year, multi-line structured insurance and reinsurance solutions for captives.
The team is located in London, across European locations, and is expanding to New York shortly.
Paul Brand, chief underwriting officer and chairman of XL Catlin’s insurance leadership team, commented: “We believe the market opportunity for this type of business is significant; risks are evolving and increasingly clients look to us to find non-traditional and innovative approaches to manage their exposures. We believe we have the expertise and appetite to make a real difference in this space.”
