XL Catlin´s North America Aviation insurance business has increased its aircraft hull and liability limits by 50 percent to accommodate companies with aviation risks in the US and Canada looking to insure with one insurance carrier, the company said.
XL Catlin´s aircraft hull policy limits have climbed to USD 75 million from USD 50 million and its liability limits are currently USD 750 million, increased from USD 500 million. This expansion of limits also applies to XL Catlin´s Aircraft Products Liability and General Liability offerings that are placed on a 100 percent basis.
With underwriters and dedicated aviation claims specialists based in New York, Boston, Chicago, San Francisco, Toronto and Calgary, XL Catlin´s North America aviation team offers a suite of aviation insurance coverages for traditional and specialized companies, including major and regional airlines and corporate fleets, through to component manufacturers and fixed-base airport operators.
XL Catlin is the global brand used by XL Group plc´s (NYSE: XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.