As part of its plans for long term expansion in the European construction sector, XL Insurance has more than doubled its underwriting capacity for construction projects from $40m to $100m. The insurer has also increased its European construction team with seven new underwriters in Spain, France, Germany, the Netherlands and the UK.
Max Benz, underwriting manager for construction at XL Insurance, said: ‘With this expansion of our underwriting capacity, we are meeting the needs of an ever growing construction sector. We have also further strengthened our team in order to be able to take the lead underwriter role on major schemes.’
