XL launches cross border

XL Insurance chose the first day of the FERMA Forum to launch its new products for multinational companies. The policies – XL EuroPass and an enhanced version of XL WorldPass – are designed to help companies meet increasing and varied compliance requirements across Europe and the world.

XL EuroPass policy, offered under the European Freedom of Service Directive is designed to comply with the complex legal, regulatory and tax requirements across 30 EU and European Economic Area (EEA) countries. The policy is available for property, casualty, marine and professional lines insurance coverage.

Stefan Zemp, XL Insurance regional chief operating officer of Continental Europe and Asia, commented: ‘The XL EuroPass is designed for our clients with pan-European operations. It provides them with one single policy across the EU and EEA. This single policy gives companies better, simpler and more centralised control of their risks across Europe, while they also benefit from a local service through our extensive European network."

The enhanced XL WorldPass policy can now cover and service risks in more than 100 countries for property, casualty, marine and specie products, adhering to increased compliance requirements. XL chief executive Clive Tobin said that it offers international clients a central underwriting approach which gives them more control over costs, coverage and implementation across their global operations.