Casualty Programs for Multinational Companies
Casualty
XL Catlin offers primary casualty coverage for multinational companies around the globe. XL WorldPass covers risk-managed, non US/Canadian-based companies. XL EuroPass is designed for the legal, regulatory and tax requirements of the EU and the EEA. XL WorldPath is designed for US/Canadian-headquartered companies.

Product details

Coverage

XL EuroPass
– General and products liability
– Common extensions available are excess auto liability, excess employers liability, pure financial loss, product recall, dismantling and reinstalling costs

Client Profiles

XL EuroPass
– Multinational companies
– Private companies
– Clients with risk management orientation

Typical Information Required

XL EuroPass
– Five-year loss history (confirmed claims experience from holding insurer)
– Summaries of claims outstanding over EUR/USD 50,000 
– Detailed historical loss information for losses exceeding EUR/USD 250,000
– Detailed historical company information, including broad product areas and geographical operations
– Program structure, including number of countries, limits of insurance, deductibles or self-insured retentions, coverage specifications and servicing requirements
– Risk management and health and safety procedures

Benefits & Services

XL EuroPass
– Global IT platform to facilitate administrative processes
– Efficient and compliant tax allocation and payment procedures
– Knowledge of local rules and regulations
– Experienced claims handlers who understand the complexity of cross-border claims services
– Commitment to long-term relationships and support as required for this long-tail class of business
– Coverage in one policy; no need for locally-issued policies in the EU or EEA

Attachment Point

XL EuroPass:
- For pure excess: EUR/USD 15 million
- May consider lower attachment points for selected activities

Limits On Product

XL EuroPass - Primary and excess combined: up to EUR/USD 100 million - Annual or multi-year basis.

Minimum Deductible

XL EuroPass - Varies

Minimum Premium

XL EuroPass - Varies

Capacity

XL WorldPath: Up to USD 10 million

Coverage

XL WorldPath
– Home foreign controlled master programs 
– Global programs 
– Fronting solutions (e.g., captives, matching deductibles)

Client Profiles

XL WorldPath
– US and Canadian headquartered multinationals 
– Large, middle market or growing companies and institutions with international needs 
– Commitment to centralized risk management

Typical Information Required

XL WorldPath
– Name and address of first named insured, with schedule of related
  entities and locations 
– Description of operations with products and services for each entity 
– Schedule of discontinued operations and products 
– Schedule of asset sales, acquisitions and divestitures and how 
  liabilities were handled 
– Historical and prospective exposure base for each line of business
  (optimal: five years) 
– Audited financial statements for the latest annual period 
– Ground-up loss information for each line of business valued within 
  six months of program effective date (five years, excluding current
  year) 
– Schedule of large losses
– Program design, including number of countries, limits of insurance,
  deductible, captive retention or self-insured retention amount, 
  coverage requirements (master and local policies), claims service 
  requirements and loss control requirements

Benefits & Services

XL WorldPath
– Ability to issue locally admitted policies 
– Global network to manage all aspects of claims resolution 
– Centralized account data management 
– Knowledge of local rules and regulations 
– Strong expertise in cash flow management 
– Experience insured captive structures
– Strong focus on reinsurer quality (S&P “A” or better)
– Master policy issued within 30 days of inception
– Notification to local offices within 24 hours of binding
– Instructions to local offices within 30 days of receiving allocations
– Quarterly loss runs in .pdf and .xls format
– Global fronting

Attachment Point

XL WorldPath: First dollar

Limits On Product

XL WorldPath: Up to USD 10 million

Minimum Deductible

XL WorldPath: None, depending on risk profile

Minimum Premium

XL WorldPath: USD 25,000

Capacity

XL WorldPass:
Primary and excess combined: up to EUR/USD 100 million

XL EuroPass:
Primary and excess combined: up to EUR/USD 100 million

Coverage

XL WorldPass
– General and products liability
– Common extensions available are excess auto liability,
  excess employers liability, pure financial loss, product
  recall, dismantling and reinstalling costs

XL EuroPass
– General and products liability
– Common extensions available are excess auto liability, 
  excess employers liability, pure financial loss, product
  recall, dismantling and reinstalling costs

Client Profiles

XL WorldPass
– Multinational companies
– Clients with risk management orientation  

XL EuroPass
– Multinational companies
– Private companies
– Clients with risk management orientation

Typical Information Required

XL WorldPass
– Five-year loss history (confirmed claims experience from incumbent insurer)
– Summaries of claims outstanding over EUR/USD 50,000
– Detailed historical loss information for losses exceeding EUR/USD 250,000
– Detailed current and historical company information, including broad product
  areas and geographical operations
– Program structure, including number of countries, limits of insurance,
  deductibles or self-insured retentions, coverage specifications and servicing
  requirements
– Risk management and health and safety procedures

XL EuroPass
– Five-year loss history (confirmed claims experience from holding insurer)
– Summaries of claims outstanding over EUR/USD 50,000 
– Detailed historical loss information for losses exceeding EUR/USD 250,000
– Detailed historical company information, including broad product areas and
  geographical operations
– Program structure, including number of countries, limits of insurance,
  deductibles or self-insured retentions, coverage specifications and servicing
  requirements
– Risk management and health and safety procedures


Benefits & Services

XL WorldPass
– Ability to issue locally admitted policies
– Global IT platform to facilitate administrative processes 
– Knowledge of local rules and regulations
– Experienced, solution oriented global program underwriters
– Experienced claims handlers who understand the complexity
  of cross-border claims services
– Strong expertise in cash flow management
– Commitment to long-term relationships and support as required
  for this long-tail class of business
– Compliant legal and tax solution for global programs, including
  local policies in the US and Canada

XL EuroPass
– Global IT platform to facilitate administrative processes
– Efficient and compliant tax allocation and payment procedures
– Knowledge of local rules and regulations
– Experienced claims handlers who understand the complexity of
  cross-border claims services
– Commitment to long-term relationships and support as required 
  for this long-tail class of business
– Coverage in one policy; no need for locally-issued policies in the
  EU or EEA

Attachment Point

XL WorldPass:
- For pure excess: EUR/USD 15 million
- May consider lower attachment points for selected activities

XL EuroPass:
- For pure excess: EUR/USD 15 million
- May consider lower attachment points for selected activities

Limits On Product

XL WorldPass: -Primary and excess combined: up to EUR/USD 100 million, -Annual or multi-year XL EuroPass: -Primary and excess combined: up to EUR/USD 100 million, -Annual or multi-year basis.

Minimum Deductible

XL WorldPass: Varies XL EuroPass: Varies

Minimum Premium

XL WorldPass: Varies XL EuroPass: Varies

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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