XL Catlin boosts aviation limits in North AmericaReprints
XL Catlin’s North America aviation insurance business said Friday that it has increased its aircraft hull and liability limits.
This expansion includes XL Catlin’s aircraft products liability and general liability offerings, and aims to accommodate companies with aviation risks in the U.S. and Canada looking to use one insurer, the insurer said in a statement.
XL Catlin’s aircraft hull policy limits have gone up to $75 million from $50 million, while liability limits have increased to $750 million from $500 million, according to the statement.
“These new expanded limits aim to effectively address the exposures and insurance requirements of an extended client base for us,” Eric Donofrio, XL Catlin’s chief underwriting officer for aerospace in the Americas, said in the statement.
“These new limits were prompted by our increased global capacity as XL Catlin and our desire to better serve a niche of the aviation market, especially corporate aircraft fleets that tend to seek a set amount of limits from one carrier,” Paul Tuhy, chief underwriting officer for global aerospace, said in an email.