Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0803
    +0.0009 (+0.09%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2637
    +0.0015 (+0.12%)
     
  • USD/JPY

    151.2130
    -0.1590 (-0.11%)
     
  • Bitcoin USD

    70,377.84
    -625.48 (-0.88%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

XL Group's XL Catlin to Enhance Inland Marine Operations

XL Group Ltd’s XL global brand XL Catlin has made some substantial efforts to diversify its inland marine insurance capabilities over a considerable period of time. To that end, the brand has recently appointed Russell Crooks as Vice President, National Inland Marine Director, based in San Francisco and Maria Klein as senior underwriter in Baltimore.

In a bid to expand its marine insurance XL Catlin has been making substantial enhancements to its inland marine insurance portfolio over the past few years. XL Catlin is optimistic about hiring such skilled professionals to render expertise to the global brand’s already strong marine insurance portfolio. This in turn aids the team at XL Catlin to smoothly mediate with the brokers and clients in key markets. With such vital proficiency, the P&C insurer’s unit will find it easy to draft in improvements in the portfolio and build new inland market insurance products to fulfill the new and emerging business risks.

At XL Catlin, Russell Crooks’ presence might help acknowledging the brokers and clients’ varied inland marine insurance needs like motor truck cargo and logistics inland marine products across the western U.S. This is possible through liaisons with the brokerage and clientele lot.

On a positive note, both these talented professionals look set to lend their ingenuity to add significant value to the brand’s profile and accelerate the company’s overall growth.

XL Catlin’s Global Marine business offers insurance to clients, having specific coverage needs for their marine exposures like, Inland Marine, Ocean Cargo to name a few. In addition, the brand provides integrated underwriting and risk consulting plus claims handling services to its clients.

The P&C insurer is expected to supplement more capabilities to its product and service portfolio, thus enabling organic growth to ultimately help the company pursue other opportunities in future.

With diversified product offerings, we believe that the company is well positioned to write higher premiums to drive top-line growth, going forward.

Stocks that Warrant a Look

Investors may look at promiment players from the space like American Financial Group, Inc. AFG, CNA Financial Corporation CNA and Fidelity National Financial, Inc. FNF.

American Financial provides property and casualty insurance products in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 11.47%.

CNA Financial provides commercial property and casualty insurance products primarily in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 12.45%.

Fidelity National provides title insurance, apart from technology and transaction services to the real estate and mortgage industries in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 8.47%.

The Best & Worst of Zacks

Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Click for Free XL Group Ltd. (XL) Stock Analysis Report >>
 
Click for Free CNA Financial Corporation (CNA) Stock Analysis Report >>
 
Click for Free Fidelity National Financial, Inc. (FNF) Stock Analysis Report >>
 
Click for Free American Financial Group, Inc. (AFG) Stock Analysis Report >>
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement