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Share Name | Share Symbol | Market | Type |
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XL Fleet Corp | NYSE:XL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 1.14 | 0 | 01:00:00 |
LONDON and NEW YORK, April 25, 2017 /PRNewswire/ -- XL Catlin has expanded its suite of Mergers & Acquisitions (M&A) insurance products aimed at supporting deals in the global transactional risk market, and has further strengthened its global team with three key hires.
The solutions are designed for both private equity firms and strategic buyers, as well as for owners and managers looking to exit a business, with an added focus on helping third party deal advisors execute deals faster and more efficiently. The coverages allow clients to maximize deal valuations, enhance the bid process in competitive auctions, and bridge gaps which may otherwise prevent parties from completing a deal.
With up to $50M in capacity per transaction, the suite is made up of four core products:
Joining XL Catlin to help deliver these solutions globally to market are the following individuals:
Noting the demand for coverage, Brian Benjamin, Global Head of M&A, insurance at XL Catlin said: "2016 was the second-best year for dealmakers since the financial crisis with an annual total of $3.6 Trillion worth of transactions, and we anticipate that trend to continue, along with the expansion of the M&A transactional risk insurance market. In this very competitive environment, deal professionals and their brokers across the world are looking for innovative solutions to support their acquisitions or sales."
Mr Benjamin continued: "I am delighted to have strengthened the team across geographies with the hiring of these talented and experienced individuals and believe we are extremely well positioned to deliver innovative solutions which will ultimately support our clients to get a deal done."
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd's (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xl-catlin-launches-mergers--acquisitions-insurance-product-suite-and-strengthens-global-team-300444249.html
SOURCE XL Group plc
Copyright 2017 PR Newswire
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