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XL Catlin unit to focus on alternative risk transfer

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XL Catlin’s insurance operations have launched Structured Risk Solutions, a team that will focus on alternative risk transfer and nontraditional insurance globally, XL Catlin said Monday.

Structured Risk Solutions is a global underwriting unit that will provide solutions for large and complex risks where there is currently no traditional insurance product offered by the market, the insurer said in a statement.

The Structured Risk team will be led by London-based Rob Turner, global head of SRS. Previously, Mr. Turner was U.K. underwriting manager for complex accounts.

Offerings will include customized risk transfer solutions for new and emerging risks for corporations and financial Institutions. In addition, multi-year, multi-line structured reinsurance and insurance solutions for captive insurance companies, according to the statement.