XL Catlin receives insurance license in Monaco

Posted On: Mar. 17, 2017 5:00 AM CST

XL Catlin has received a license from Monaco to issue insurance policies in the country through its U.K.-based subsidiary XL Insurance Company S.E., Bernews.com reported. The license, which took effect March 10, enables XL Insurance to offer its products on an admitted basis directly to local brokers and clients.