XL Global Increases Construction Underwriting Capacity

XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd, has announced an increase of its underwriting capacity for construction projects, from $40 million to $100 million per project.

John Gallagher, XL Insurance’s Chief Underwriting Officer — Global Property, explained: “Like many industries, the construction sector faces its share of business risks. To better serve this industry, we are pleased to extend our underwriting capacity and more importantly, we are especially pleased to be able to deliver this new capacity with an expanded team of underwriters experienced in managing construction-related risks.”

As part of a long-term global expansion in the construction sector, XL Insurance also announced the addition of new underwriters in Spain, France, the Netherlands and the UK to its European construction team. These underwriters join the XL Insurance global team of underwriters, including those in the US and Canada.

Source XL – www.xlcapital.com