XL Catlin boosts global property insurance capacity to $400 million
XL Catlin has added more than 25 per cent to its global property insurance capacity to U$400 million.
“As businesses continue to extend their global reach, establishing operations around the world, they need cross-border insurance protection. Our added capacity and ability to provide property insurance in more than 200 countries makes us a strong insurance partner for any global business,” explained Ian France, chief underwriting officer of XL Catlin’s International Property division.
The enhanced capacity is available on a quota share or layered basis and there is an additional option of up to $1 billion for clients who purchase 100 per cent of their property coverage through the firm’s Platinum Property program.
“XL Catlin has built a distinct reputation for addressing the insurance needs of high-risk property, locations that are inherently risky because of the nature of their operations or particularly exposed to natural forces such as hurricanes, earthquakes, and floods,” said the insurer’s North America Property business president Michele Sansone.
Canada’s SCM appoints new COO for US expansion
SCM Insurance Services has appointed Scott Goodreau as COO for the United States as the Canadian firm drives expansion of its insurance industry services south of the border.
Goodreau brings 20 years’ experience to the role, most recently as head of insurance broker Hub International. He commented that he’s excited to join the team as it begins its push into the US market.
"We're thrilled to have Scott aboard," enthused Bob Fitzgerald, CEO of SCM. "He shares SCM's passion for client-centric culture and values. Initially, our focus will be primarily targeted on two fronts: third-party-administration and claims adjusting services. Scott's background positions him very well to lead this expansion into the U.S. insurance services market and beyond."
Ten independent brokers form collective
A new regional collective of financial services firms has been formed from ten John Hancock Signator Investor firms.
Under the banner of Collective Financial Group, the firms say that each member’s ability to provide the best customer service and insurance and financial solutions is boosted by sharing administrative, compliance and practice management.
“Though the creation of CFG, our firms and advisors will have the scale necessary for access to more resources, knowledge, experience and talent while at the same time each firm will be able to continue operating with its own identity,” said Tim Strellner, owner, Strellner Agency Group and newly appointed principal, Collective Financial Group.
