XL Group Expands Inland Marine Offerings With New Motor Cargo Truck Coverage Solutions

 XL Group Expands Inland Marine Offerings With New Motor Cargo Truck Coverage
                                  Solutions

PR Newswire

HARTFORD, Connecticut, May 21, 2013

HARTFORD, Connecticut, May 21, 2013 /PRNewswire/ -- XL Group is boosting its
inland marine business with the addition of its Motor Truck Cargo Coverage
Solutions, customizable coverage for mid-to-large size trucking operations in
North America.

According to Anne Marie Elder, Chief Inland Marine Underwriting Officer of XL
Group's North America Marine group, "When we set out to profitably build an
inland marine book of business, we did not intend to do it like every other
market. We are expanding our inland marine product offerings with
market-leading policies like our new motor truck cargo coverage. As a result
of investigating available policies and listening to what our brokers and
insureds suggested, the result is a comprehensive form to help deliver a
customized solution for our clients' specific needs".

"Motor Truck Cargo Coverage Solutions is an extremely flexible and
easy-to-understand product. We can easily tailor our coverage to meet
individual insured needs, including flexible limits for 23 additional
coverages, 22 optional endorsements, multiple reporting options and payment
plans," said Alexander McGinley, XL Group's Vice President for Inland Marine.
"Coverage is available on a full policy limit, primary, excess and
participation using either admitted or non-admitted paper.

Among the 23 coverages included are:

  oContract Penalty
  oEmployee Tools and Work Clothing
  oExpediting Expense
  oExtra Expense
  oFire Protection Systems
  oFreight Charges
  oLoss Adjustment Expenses
  oProperty That Supports Your Business, including accounts receivable;
    equipment used to service Covered Property; computer equipment, media,
    data, including while on-board and off-board a vehicle; valuable papers
    and records; tenants, improvements and betterments; office furniture and
    supplies; moving equipment, including barrels, binders, burlap, cartons,
    chains, covers, dollies, forklifts, hand trucks, lift trucks, pads,
    pallets, reusable packing containers, skids, and tarpaulins; expendable
    supplies that support Covered Property; other business personal property;
    and other scheduled property
  oPublic Emergency Service Charges
  oRight and Duty to Defend
  oReimbursement for Returning Stolen Property
  oShippers Control of Damaged Goods
  oUnintentional Erros and Omissions
  oVirus, Harmful or Similar Instructions

Among the 22 optional endorsements are:

  oContingent Coverage for Freight Forwarders and Brokers
  oDestination Market Value
  oEmployee Theft
  oSingle Deductible Across Multiple Coverage Forms
  oCargo Rust or Corrosion Protection
  oTemperature Control System Breakdown Coverage

XL Group's Motor Truck Cargo Coverage is provided by XL Specialty Insurance
Company (admitted) and Indian Harbor Insurance Company (nonadmitted).

About XL Group plc's Insurance Operations

XL Group plc's insurance companies offer property, casualty, professional and
specialty insurance products globally. Businesses that are moving the world
forward choose XL as their partner. To learn more, visit xlgroup.com/insurance

About XL Group plc

XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and
reinsurance company providing property, casualty and specialty products to
industrial, commercial and professional firms, insurance companies and other
enterprises throughout the world. XL is the company clients look to for
answers to their most complex risks and to help move their world forward. Its
principal offices are located at No.1 Hatch Street Upper, 4^th Floor, Dublin
2, Ireland. To learn more, visit xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance
subsidiaries.

SOURCE XL Group

Website: http://xlgroup.com/insurance
Website: http://www.xlgroup.com
Contact: Christine Weirsky, Media Relations, +1-610-968-9395
 
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