XL Catlin unveils new insurance offering in France
XL Catlin’s insurance operation in France and Benelux has launched new local underwriting capabilities with the appointment of Eric Zandvliet as head of political risk, credit & bond (PRCB).
“Large French companies have historically been keen exporters and investors overseas,” said Bruno Laval, regional manager, France & Southern Europe. “ In 2016, French investments abroad equalled half of the country’s GDP while exports represented 30 percent of its GDP. In today’s world, the risk of interruption associated with a number of situations –such as expropriation, breach of contract or payment default – is ever present and demand for insurance solutions that respond to these threats is on the rise.
Zandvliet will be based in Paris. He has over twenty years of risk analysis and underwriting experience with a focus on political risk. Since 2014, he has held the role of senior underwriter, political risk, credit & bond at XL Catlin.
Zandvliet first joined XL Catlin in London in 2002 as assistant vice president, economic and political analyst, before becoming a political risk & credit underwriter two years later.
Dan Riordan, president of political risk, credit & bond insurance at XL Catlin, commented: “Political risk insurance is a valuable tool in mitigating threats associated with political instability, especially in the current geopolitical environment. Eric’s global expertise and underwriting experience position him ideally to look closely at opportunities that will make a difference for our clients and brokers in France. I am also delighted that we were able to find a suitable candidate for this strategic role within our existing team.”
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