XL Catlin seeks political risk growth with new office

Re/insurer XL Catlin has opened a new office, focusing on political risk, credit and bond (PRCB) insurance, in Washington DC.

Dan Riordan, president of PRCB, said: "This new hub is evidence of XL Catlin's commitment to bringing our expertise closer to our local and international clients. The new office strengthens and builds on our growing capabilities to serve markets across time zones and regions.

"This year is particularly important to our growing team around the world. Having a dedicated PRCB office right here in Washington D.C. further strengthens our global reach and provides our partners with local contacts in a city where public and private sector clients do business every day."

XL Catlin offers political risk, credit and bond insurance to clients involved in cross-border lending, trade, infrastructure, energy, mining projects and foreign direct investments mainly in emerging markets across a variety of industries.

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