Reinsurance News

XL Catlin binds first political risk policy on London market’s PPL

23rd April 2018 - Author: Luke Gallin

Bermuda-based XL Catlin has become the first insurer to bind a political risk policy on the London Market Group’s (LMG) electronic placing platform, PPL, the company has announced.

XL Catlin logoPPL, the London market’s electronic placing platform, went live in July 2016, and recently announced the addition of Accident & Health (A&H) business to its suite of risk classes available to both brokers and underwriters in the marketplace.

Now, global insurer and reinsurer XL Catlin has announced that it is the first insurer to bind a political risk policy on the PPL, as the marketplace continues to embrace the transition to a digital world.

UK Country Leader and Director, London Market Wholesale, XL Catlin, Paul Greensmith, commented: “We have been, from the very start, supporters of the adoption of electronic placement, and what PPL can help the market achieve in terms of efficiency. The launch of the platform was a key step in digitalising the London Market and we are proud to be at the forefront of this effort.”

Andrew Underwood, Head of Political Risk, Credit & Bond, UK & Ireland, XL Catlin, added: “Transacting on PPL is a natural evolution of our proposition to brokers and clients, so going live on day one was top priority for us. Both we and the broker, BPL Global, were extremely impressed with how easy the platform is to use and the benefits it gives us.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Swiss Re shareholders approve new board members, buy-back & dividend plans

At the company’s Annual General Meeting (AGM) in Zurich, Swiss Re’s shareholders approved all proposals put forward by the Board...