XL Catlin opens new office in India

Re/insurer XL Catlin has opened a new office in Gurgaon, India, to house its shared services operations, which provide vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin’s teams across the world.

The company is also set to open an onshore reinsurance branch office in India having received the final approval from the Insurance Regulatory Development Authority of India (IRDAI). Based in Mumbai, it will provide treaty and facultative reinsurance. (Click here for story)

Derek Nazareth, XL Catlin’s head of global operations and country head for India, said: "We are delighted to announce the opening of our new office at World Tech Park. We have had offices in India for over 10 years now, with some exceptional colleagues making up our existing teams here in Gurgaon and in Bangalore, where around 350 colleagues are based.

"We continue to invest in our leadership and recently appointed Sumit Chadha as head of our enterprise shared services, and we are looking to significantly strengthen our existing teams and recruit top talent, in this vibrant, well-connected part of Gurgaon."

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