FBD Insurance Forms Partnership With XL Catlin
FBD Insurance plc has entered a new partnership with global insurance provider, XL Catlin, to offer Professional Indemnity and Directors & Officers Liability cover, as part of the FBD suite of Commercial Business products. FBD has long and deep relationships with Irish businesses through its network of 33 local offices nationwide.
Fiona Muldoon (pictured right), Chief Executive of FBD Insurance plc, said: “FBD is committed to providing the best Insurance cover possible for Irish SMEs. This new product will sit alongside our existing products to address the needs of FBD Commercial Business customers in an area where we did not provide cover previously. We are delighted to bring a premium Professional Indemnity and Directors & Officers Liability product underwritten by XL Catlin, to the Irish market.
“Partnering with XL Catlin allows us to offer cover for Professional Indemnity and Directors and Officer risks. They are an acknowledged world leader in this area and we believe this partnership is a winning proposition for our customers and for the Irish market generally.”
David Gallagher (pictured left), Country Manager – Ireland Insurance at XL Catlin, commented: “Financial Lines is a key specialism of XL Catlin around the world and we are one of the largest underwriters of this business in Ireland. We are delighted that FBD are now able to offer Professional Liability, and Directors & Officers Liability for their diverse range of clients nationwide via the Angel Risk Management Limited platform.”
FBD is one of Ireland’s largest property and casualty insurers, looking after the insurance needs of business owners, consumers and farmers. FBD is a leading general insurer, directly offering expertise to customers nationwide and serving the needs of its small business, consumer and agricultural customers throughout Ireland via its network of 33 branches.
XL Group has operated in Ireland since 1990, with local underwriters and claims handlers. XL Group is A+ rated by S&P and A rated by AM Best. The Group had US$58.4 billion of total assets and US$13.6 billion of GWP in 2016, and globally serves clients in 215 countries.