XL Unicorn acquires underwriting capacity building Equine
November 20th, 2009
XL Insurance, the global insurance operations of XL Capital, said “strengthening capacity of equine” With the acquisition of underwriting and claims team based in London, Unicorn Underwriting Limited, a subsidiary THB Group plc.
“The five-person team is led by Guy Morrison, who has over 20 years of underwriting experience in the international market of sickness insurance,” said the bulletin. He became the Chief Underwriting Officer of Equine as XL Insurance Global Operations horse, with underwriting centers in London, Kentucky, United States
XL Insurance said it “has also agreed to use the block of business of bloodstock formerly underwritten by Unicorn.
Neil Robertson, Chief Underwriting Officer for Global specialty XL Insurance commented: “The appointment of Guy Morrison and his team enhances our capabilities and our commitment to ensuring the bloodstock. The team has a wealth of subscription equine world and claims handling expertise, particularly in the London market. We are particularly pleased to have worked closely with Unicorn to ensure quality service supported by its existing customers and brokers. ”
James Truscott, CEO of Unicorn, described joining XL as “extremely satisfactory and in agreement” that all parties win.
XL Insurance Global Operations equine “offer a broad spectrum of effectiveness of bloodstock including mortality, theft, perils specialized infertility / prospective foal, availability stallion infertility and loss of income” said the bulletin.
Categories: Insurance Headlines | Tags: capacity | No Comments
