The IM Brief: The insurance market in 500 words or less
Capacity
XL Insurance Company has opened a new limited access E&S facility.
The facility offers up to $25,000,000 in working capacity using Indian Harbor Insurance Company, an A rated carrier which is targeting $10,000,000 participations for domestic U.S. accounts.
This facility targets primary, catastrophe-driven business and will consider participation on an excess basis where underlying premium is sufficient. In addition, the facility will offer up to $5,000,000 of critical CAT capacity.
Highlights:
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J.C. Sparling Executive Vice President | Harry Tucker Senior Vice President |
