XL Catlin boosts US equipment breakdown unit with hires

XL Catlin's North America Property business has boosted its monoline equipment breakdown insurance capabilities with the expansion of its underwriting team in North America.

The team's new underwriting recruits include: Amanda Hernandez who joins from Zurich's Global Corporate Property division; Amy Fox, who brings 21 years of equipment breakdown underwriting, marketing and sales experience; and Richard Hajduk, a 25-year veteran of the equipment breakdown insurance market.

"Businesses rely on equipment to conduct business in many ways," said Joseph Tocco, chief executive of XL Catlin's Americas region. "Since equipment is such a vital part of operations, a growing number of businesses choose to insure against equipment failure with standalone insurance coverage.

“Others still prefer to package this protection with their commercial property insurance. Whichever option they favor, our larger, North American enhanced team of seasoned equipment breakdown underwriters and risk engineers is committed to delivering the attention and service that our clients need to keep their equipment and operations running smoothly."