XL Catlin pushes global property capacity to $500mn

XL Catlin has increased its global property insurance capacity by
25 percent to $500mn, with the limit available on a quota share or
layered basis.
Tim McMahon, XL Catlin's chief underwriting officer for
global property insurance, said the decision to increase capacity
was driven by insurable values increasing as technology
improved.
Michele Sansone, president of XL Catlin's North American
property business, added: "In the US and Canada, increasing
property values, more investment activity in in