This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

XL Group Extends Umbrella And Excess Liability Appetite To Offer Upper Middle Market Businesses' Added Insurance Protection

NEW YORK, June 5, 2013 /PRNewswire/ -- To offer insurance protection from catastrophic events to more businesses,  XL Group's Excess Liability business is extending its appetite to provide umbrella and excess liability coverages to Upper Middle Market businesses in North America.

"Excess casualty coverage is an important lifeline for any size business," according to Lorraine Seib, President of XL Group's Global Excess Liability business. "Businesses of all sizes are vulnerable to severe mishaps.  And just one – a costly court settlement, a devastating auto accident in a company vehicle, an explosion at a manufacturing plant – can quickly eat away at a business' general liability coverage and severely impact a business' ability to survive when it does."

"We've built our reputation helping some of North America's largest corporations prepare for severe losses by adding layers of quality liability coverage and taking the lead on their Umbrella protection, and are excited to extend these capabilities to more businesses," said Lorraine.  "For the upper middle market, I believe, we're the perfect size. Not only can we offer the individual attention they should expect when seeking quality excess protection,  we also bring access to significant domestic and global capacity, combined with more than 25 years of proven experience managing excess coverage for the largest of companies and a dedicated claims team."   

XL Group's regional Excess underwriting teams and dedicated claims teams are located in New York; Exton, PA; Chicago; Kansas City, MO; Dallas; San Francisco; and Atlanta.  Through its global network, XL Group is able to offer insurance coverage in more than 140 countries. 

XL Group's industry expertise is particularly helpful in addressing the umbrella and excess liability insurance needs of a variety of business classes, especially consumer and industrial manufacturing, financial institutions, food and beverage, hospitality, real estate, restaurants, retail, service industries, wholesale and distributors.

Stock quotes in this article: XL, XLG 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs