XL Catlin buys 20% stake in Indian broker

Posted On: Oct. 17, 2017 4:00 AM CST

XL Catlin has acquired a 20% stake in India-based Mahindra Insurance Brokers Ltd., The Royal Gazette reported. "This minority investment plays to our commitment to emerging markets and to supporting insurance penetration in developing economies, helping improve economic resilience by closing the gap between economic and insured losses," said Greg Hendrick, president, property/casualty insurance and reinsurance, at XL Catlin.