Operational Risk Insurance
We create effective, capital-efficient Operational Risk mitigation insurance for our clients, to assist with regulatory and economic capital management and control of major risks.

Product details


300m USD per risk.

We can write more than one operational risk per firm.


Customized insurance cover for key Operational Risks in Financial Institutions

  • Large capacity for mitigating “catastrophe” risks
  • Clarity of coverage aligned with clients’ risks and scenarios
  • Enhanced certainty and speed of performance
  • Accelerated design and implementation

Client Profiles

Financial Institutions needing operational risk insurance, including:

  • Banks
  • Broker Dealers
  • Asset Managers
  • Insurers and Reinsurers
  • Credit Unions
  • Building Societies

Typical Information Required

We review each operational risk on a case by case basis. We would want to see major operational risks and controls.

Benefits & Services

  • Tailored operational risk insurance solutions designed by a market-leading Financial Institutions team.
  • Financial strength and strong ratings backed by top quality reinsurance.
  • Expert claims handling.
  • Sophisticated approach enables firms to strengthen balance sheets, improve liquidity and enhance returns.

Information and Research

Five things your Board wishes you’d told them about Operational Risks insurance

Operational Risk _ International Financial Lines _ Product Sheet _ XL Catlin _ 082516

Operational Risk _ Solvency II _ Product Sheet _ XL Catlin _ 082516

Banks: The Benefits and Risks of Outsourcing

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.

Contact Us

If you need to speak to one of our product experts

Download Related Forms or Brochure

XL uses two forms of cookies on this site:

  1. to enable the site to operate and retain any preferences you set; and
  2. for analytics to make the site more relevant and easy to use.

These cookies do not collect personal information. For more information about our cookie usage, please click here. To comply with EU privacy laws you must consent to our use of cookies.

By using this site, you agree that we can place these types of cookies on your device. If you choose to change your cookie settings you will be presented with this message the next time you visit.