XL News

XL Launches Yacht Coverage

To help yachts weather fair and foul seas, XL Group’s North America Marine insurance business unveiled ShipShape, a suite of recreational marine coverages tailored to the particular needs of yacht owners. “XL Group provides insurance for large marine risks across …

XL Estimates $350M in Sandy Storm Losses

XL announced its preliminary net loss estimate related to Storm Sandy of $350 million, pretax and net of reinsurance and reinstatement premiums. Approximately 60 percent of the Company‚Äôs estimated loss relates to the reinsurance segment. Within the reinsurance segment, the …

XL and Hays Launch New Dental Professional Liability Insurance Program

XL Group plc’s Select Professional insurance underwriting unit and Hays Affinity Solutions, a division of Hays Companies of Minneapolis, Minn., are offering professional liability insurance to dentists countrywide. According to Hays Affinity President Tom McDonough, “We’re excited to team up …

XL’s Environmental Team Unveils Enhanced Real Estate Portfolio Protection

The insurance segment of XL Group unveiled enhanced pollution protection for real estate portfolios. The coverage provides real estate property portfolios with protection that addresses pollution conditions when they occur or are discovered on a property. The product provides a …

XL’s Japan Quake/Tsunami Loss Estimates-$190 to $290 Million

XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million to $290 million, with approximately 70 percent …