XL Catlin boosts global M&A insurance capacity
Re/insurer XL Catlin has extended its global mergers and acquisitions (M&A) capacity by 20 percent to $60 million, in order to better address the transactional liability insurance needs of clients, brokers and other deal professionals.
XL Catlin offers M&A insurance for various risks associated with mergers and acquisitions, divestitures, spinoffs, private equity investments and other commercial transactions. Through its team of underwriters in London and New York, the company offers a range of coverage, including warranty and indemnity, tax liability, contingent tax insurance, and non-tax contingent liability insurance.
“XL Catlin views M&A insurance as a vital tool in driving global M&A deals; the value of which is expected to exceed $3 trillion in 2018," said Dan Kumpf, chief underwriting officer, global professional lines. "We expect the expansion of the M&A transactional risk insurance market to continue and we remain committed to investing in key talent and supporting deal professionals and their brokers across the world.”
Joseph Laws, head of M&A insurance, North America added: “In today’s global business environment we want to ensure that our clients have access to the appropriate capacity. The additional capacity reflects our ongoing commitment to the growing needs of our clients around the world.”
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