XL Catlin ups property capacity to $400mn

XL Catlin has increased capacity for its global property insurance
by around 25 percent to $400mn.
The company said the hike reflected globally increasing property
values and more complex risks.
Chief executive for energy, property and construction Doug Howat
said the changing nature of property risk management had prompted
the additional capacity.
He said: "We've seen commercial and industrial property
values rise, facilities growing more high tech, and natural
catastrophe events take their tol