XL Catlin has enhanced its directors & officers insurance offering in France with the launch of three coverages catering respectively to mid-sized companies, publicly listed companies and financial institutions.
These solutions protect business leaders – whether they act as CEO, directors, managers – and their personal wealth when they are being held liable in the performance of their company duties, both at home in France and in other countries they may operate in.
Danilo Saitta, underwriting manager, Financial Lines – France, explained: “As claims against companies and their directors are on the rise, directors & officers insurance has become an essential insurance purchase for companies who need to attract and protect their senior staff. However, because companies don’t all have the same insurance needs, we now offer coverages specific to their size and activities.”
Bruno Laval, regional director, France & Southern Europe – Insurance, commented: “There are nearly 5,000 mid-sized companies in France. In 2011, they generated 1,038 billion euros in revenue. We want to accommodate these enterprises, as they expand, by making our financial lines expertise available to them and providing the right solutions and level of support.”
XL Catlin’s Global Professional team offers a range of insurance coverages including professional indemnity, fraud, cyber, as well as solutions designed specifically for financial institutions, such as operational risk insurance, recently launched in France.
Source: XL Catlin
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