Reinsurance News

XL Catlin launches visitor attraction coverage, expands War, Terrorism & Political Violence team

24th May 2018 - Author: Staff Writer

With the announcement of Leisure Protect, XL Catlin has recognised the vulnerability of mid-to-large scale visitor attractions to a diverse range of injury and security-related incidents and threats, all of which pose serious risks to the enjoyment and safety of the large crowds in attendance.

XL Catlin LogoWith location limits of up to $25 million for bodily injury, property damage and business interruption, Leisure Protect emphasises the importance of swift, organised and specialised response to a broad range of circumstances.

Initially available in the UK and Ireland, the package includes 24/7 expert crisis response support – provided by business communications consultancy, Instinctif Partners – for the first 48 hours following an incident, as well as comprehensive business recovery assistance.

Paul Thomas, Global Product Head, Sport & Leisure at XL Catlin, commented, “Catastrophic injury and security-related risks are a major concern for visitor attractions around the world. Having the right insurance cover in place is essential, not only for the financial protection it provides for property, business interruption and third-party liabilities, but also for the crisis response support it can offer should an incident take place.”

This announcement comes within days of XL expanding it’s regional U.S. War, Terrorism and Political Violence insurance team, citing a need to meet a rising demand for various forms of terrorism insurance.

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The expansion see’s a number of new hires, most notably the promotion of Lindsey Nieves to Assistant Vice President (AVP), Underwriting Manager, South and Central zone, in Atlanta, GA having joined the firm in 2014. Jason Gardenhire, formerly of progressive Insurance, joins as underwriter in Dallas, TX.

Ben Tucker, head of XL Catlin’s US War, Terrorism & Political Violence, said, “Recent events continue to drive interest in terrorism insurance and even more specialised coverage like our Active Assailant insurance coverage. To meet these continued demands for these coverages and help address questions and coverage concerns, we’re putting underwriting resources closer to our brokers and clients.”

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