About XL Catlin
XL Catlin. We’re here to help your business move forward. With an incredible blend of people, products, services and technology, we’re looking at risk in a new way. From insurance to reinsurance, we can help you find innovative answers for a changing world.
Our insurance and reinsurance companies provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises globally. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward.
Powerful analytics, deeper insights, and market-leading technologies. We at XL Catlin are open to new ideas and ready to take on difficult challenges — from the most familiar to the most complex.
You need innovative, creative solutions to your risks. We’re here to find them.
XL Catlin first insurer to bind political risk policy on PPL
XL Catlin has announced that it is the first insurer to bind a political risk policy on the London Market’s electronic placement platform, Placing Platform Limited (PPL).
Paul Greensmith, UK Country Leader and Director, London Market Wholesale, commented: “We have been, from the very start, supporters of the adoption of electronic placement, and what PPL can help the market achieve in terms of efficiency. The launch of the platform was a key step in digitalising the London Market and we are proud to be at the forefront of this effort.”
Andrew Underwood, Head of Political Risk, Credit & Bond, UK & Ireland, said: “Transacting on PPL is a natural evolution of our proposition to brokers and clients, so going live on day one was top priority for us. Both we and the broker, BPL Global, were extremely impressed with how easy the platform is to use and the benefits it gives us.”
PPL is an electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally. It was designed to allow participants in the London Market to place risk electronically in order to support face-to-face negotiations while removing paper from the process and thus creating a digital information flow and audit trail.
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