That’s one of our core Commitments.
And it’s what powers our drive to continually innovate to meet our clients’ evolving risk needs.
Innovation in 2015
In 2015, with the integration of XL and Catlin requiring much focus and attention, our colleagues still continued to push our (Re)Insurance products in new directions and we ended the year, once again, as a top industry innovator.
In addition to the new products we introduced, some of which are listed below, we launched XL Innovate, our sponsored venture capital initiative. Now off and running, the XL Innovate team is quickly becoming a fixture in the (re)insurance innovation space. In September, XL Innovate announced its acquisition of all shares of New Energy Risk, a strategic risk transfer consultant to the renewable energy industry worldwide, and we expect further announcements soon.
Through other partnerships, like our work with Oxbotica, we hope to break new ground in understanding the insurance needs of emerging fields such as artificial intelligence and mobile robotic vehicles and solutions.
We’re proud of what we’ve accomplished in 2015. And continually looking to what’s ahead.