8 June 2016Bermuda analysis

XL Catlin creates new alternative risk transfer team

The insurance operations of global insurance company XL Catlin has created a new team to focus on alternative risk transfer and non-traditional insurance globally.

The team, named Structured Risk Solutions (SRS), offers clients and brokers multi-year, multi-line structured re/insurance solutions for captive insurance companies.

It will be led by Rob Turner, the global head of SRS who joined XL Catlin in 2015.

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 also offers clients and brokers bespoke risk transfer solutions for new and emerging risks for corporate clients and financial institutions.

Paul Brand, chief underwriting officer and chairman of XL Catlin’s insurance leadership team, said: “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.”

The team is located in London, across European locations and is expanding to New York in the near future.


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More on this story

Actuarial & underwriting
13 December 2018   Melvin Findlay, a specialist with AXA XL’s Captives and Global Programs team based in London, shares his perspective on the opportunities the captive insurance industry offers to young people.
Actuarial & underwriting
12 June 2018   Formation levels of captives are now almost unaffected by whether rates in the wider re/insurance markets are hard or soft, a panel of experts agreed at the annual Bermuda Captive Conference, which is taking place at the Fairmont Southampton Hotel on Bermuda this week.
Actuarial & underwriting
11 June 2018   The direct and indirect impacts of a cyber attack can be substantial, but a captive can be an efficient and effective mechanism for financing and managing this continually evolving risk. Steven Bauman of XL Catlin has the details.