XL Catlin to launch private clients team
High net worth individuals will soon have a new team looking after them at XL Catlin.
The insurer has announced a private clients team which will serve the business needs of high net worth and ultra-high net worth clients.
“Given our strong underwriting expertise in a broad range of Specialty coverages, including Fine Art, Jewellery, Equine, Kidnap & Ransom, General Aviation, Yachts and Accident & Health products, we believe we are well positioned to provide a meaningful and differentiated offering which truly serves HNW and UHNW individuals,” commented Neil Robertson, XL Catlin’s chief executive of Global Specialty Insurance.
The unit will be headed by Simon Mobey who will assume the role of global head, Private Clients on January 1, 2017. He joins from
Chubb Insurance where he held a similar role.
The team’s chief underwriting officer is Ann Owen, while Chris Hawkes becomes private clients manager. Their combined experience of 40 years includes working with private clients at
AIG from where they join XL Catlin with immediate effect.
Infectious disease threat is growing say consumers
The Zika virus has highlighted fears among US consumers that the risk of infectious diseases is growing.
Research by the Pew Research Center has found that 51 per cent of adults believe that there are more infectious diseases threats now than there were 20 years ago.
Following high-profile outbreaks of diseases including Ebola, SARS and Swine Flu, 82 per cent of respondents say they pay “a lot” or “some” attention to news of outbreaks.
On Zika, 58 per cent believe it is a risk to women who are pregnant or trying to get pregnant, 31 per cent believe it is a threat to the US population as a whole and 15 per cent have taken steps to protect themselves against the virus.
Older adults, especially women; and those in poorer health are most concerned about the risk from Zika.
Insurer forced to scrap ad featuring “annoying” kid!
Australian insurance company AAMI has ditched its new commercial following a barrage of criticism from consumers that it is annoying.
The TV spot features a young girl playing a recorder in the back of the family’s broken down auto. The kid’s out of tune track reportedly led to angered viewers and even howling dogs.
AAMI has since re-dubbed the ad with the child playing Frere Jacques instead. You can
watch the original here.
