XL Group launches new luxury lines initiative
XL Group’s Specialty insurance businesses in North America are teaming up in a new Luxury Lines initiative, collaboratively extending their equine, aviation, yacht, fine art, and kidnap, ransom & extortion coverages to protect high net worth private customers and their prized possessions.
“We protect some of the world’s largest museums, major airlines, cruise lines and champion thoroughbreds,” said Neil Robertson, Chief Executive of XL Group’s Specialty Insurance businesses. “With this initiative, we’ve organized our resources to help high net worth private customers easily access our specialized risk management resources to protect themselves and their valuables.
“Working with their brokers and agents, we offer these private customers an array of high-quality insurance coverage to protect their diverse leisure interests, whether their pastime pursuits include collecting art, fine wine or rare coins, piloting their private jet, yachting to far away ports or breeding the next Kentucky Derby winner,” added Robertson.
“We distinguish ourselves with our service and expertise. Our products are delivered by seasoned underwriters who share our clients’ passion. They are art historians, pilots, equestrians, and mariners who understand the risks that may pose a threat to future enjoyment.”