XL Catlin’s insurance operations today announced that it has launched Private Clients, a suite of coverages specifically designed to address the complex insurance needs of Ultra High Net Worth (UHNW) individuals and their families.
Only available through a very exclusive panel of specialist Private Client brokers, the proposition offers broad policy coverage with the ability to write multiple homes (including overseas), large collections of fine art, jewellery and motor all in one single package with one renewal date.
Commenting, Simon Mobey, Head of Private Clients – Insurance at XL Catlin, said: “We have spent time listening to our brokers on what they and their most important customers want from us to protect their most precious assets. Access to decision makers with the highest level of authority, simple, easy to read policies, bespoke Risk Management advice and paying claims quickly and without any fuss were all consistent themes.”
He explained: “We have built a team of the most experienced Private Client underwriters in the market, with the highest levels of capacity and underwriting authority who are able to make decisions quickly. We are also able to leverage XL Catlin’s established expertise in Aviation, Kidnap & Ransom. Cyber, Construction and Accident & Health, to provide brokers and clients with products that complement each other to help protect not only their prized personal assets, but also the other exposures these individuals face.”
Ann Owen, Chief Underwriting Officer, Private Clients –Insurance at XL Catlin, added: “We believe that our unique proposition and flexible approach, all backed up by a bespoke Risk Management solution utilising S-RM, leaders in the Risk Management field, is going to be extremely well received by both brokers and clients. Our sole focus on the UHNW segment and delivering XL Catlin’s renowned superior claims service will set us apart from the competition.”