XL Catlin Opens Political Risk, Credit and Bond Insurance Practice in Canada and Appoints Marvin Azzopardi as Lead Underwriter

TORONTO, May 30, 2017 /CNW/ -- To address continued demand for Political Risk, Credit and Bond (PRCB) insurance from businesses in Canada, XL Catlin has opened its first PRCB practice in Canada and appointed Marvin Azzopardi as Senior Underwriter.

Dan Riordan, Global Head of PRCB said: "We are very excited to open our first Canada-dedicated Political Risk, Credit and Bond underwriting practice. Marvin's specialized background will lead our growing business in the country while continuing to strengthen existing relationships with clients and brokers from both private and public sectors."

Based in Toronto, Mr. Azzopardi, will join on June 1 and will report to Richard Abizaid, Regional Product Leader, Americas. Mr. Azzopardi is tasked with leading the continued growth of PRCB business in Canada through partnering directly with Canadian clients and their brokers.

Commenting on the new practice and the appointment, Nick Greggains, CEO and Country Manager for XL Catlin, Canada added: "The opening of our first Canada-based XL Catlin PRCB underwriting practice further strengthens our capabilities to partner with our key brokers, banks and investors who see the unique growth opportunities at home and abroad. Marvin is an expert in his field and an excellent addition to our team of talented Canadian underwriters."

Mr. Azzopardi joins from Zurich where he led the Canada Credit & Political Risk underwriting team. He is a graduate of York University and obtained the Canadian Risk Management (CRM) Designation from the University of Toronto.

XL Catlin's highly experienced underwriting and analytical Political Risk, Credit and Bond team offers broad coverage products for banks, investors, export credit and public-sector multilateral agencies investing in mid and high risk regions. Our policies can align with the duration of strategic investments, with tenors of up to 20 years and market leading limits of up to $200m.

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.

SOURCE XL Catlin

For further information: Brenna Ruiz-Gordon, Media Relations, +1 (212) 915-7052, http://xlcatlin.com


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