MADRID, Spain, Sept. 20 -- XL Group, an insurance and reinsurance company, issued the following news release:

XL Catlin's insurance operation in Iberia today announced new local underwriting capabilities with the appointment of Santiago Herrero as Head of Political Risk, Credit & Bond (PRCB) - Iberia. Mr Herrero will be based in Madrid and report to Dan Riordan, XL Catlin's Global Head of PRCB.

Commenting on the announcement, Jose Ramon Morales, Country Manager Iberia for XL Catlin's insurance operation, said: "Emerging economies are going through deep social, economic and governance transformations that are making them seem attractive to contractors and export companies, focusing on the new business opportunities in a variety of sectors. Spanish companies have been awarded large-scale infrastructure projects, where they face multiple trading risks including non-payment, cancellation of licenses, embargos or war. To finance these projects, banks and other lenders are increasingly looking to share their risk with insurance partners."

Mr. Morales added, "Santiago's experience will prove very beneficial as we develop tailored political risk solutions to assist our Spanish multinational clients and financial institutions from suffering losses resulting from any combination of these risks. This appointment reflects our continued commitment to investing in the best talent of the sector for our Iberia team and to staying close to our clients."

Santiago Herrero brings more than twenty years of experience to XL Catlin. Most recently he served as Political Risk Manager at Marsh S.A. He previously worked at Construcciones y Auxiliar de Ferrocarriles, S.A (CAF) and Amaya Cia. De Seguros y Reaseguros. He holds a Master's degree in Foreign Commerce from Universidad CEU and a Bachelor's degree in Business and Administration from University Alcala de Henares.

Dan Riordan, President of Head of Global Political Risk & Trade Credit Insurance at XL Catlin, said: "As with any risk, opportunity exists for those able to look deeper and forge the right partnerships. Uncertainty is a constant, but there are ways to reduce it. Political risk insurance is a valuable tool in mitigating multidimensional threats associated with political instability, especially in the current geopolitical environment. Santiago's underwriting skills and global expertise position him ideally to look closely at opportunities that will make a difference for our Spanish clients. I am delighted to have him on board."

XL Catlin offers political risk, credit and bonds to clients involved in trade, finance, infrastructure, energy, and other sectors. Clients include multinational companies, financial institutions, exporters and manufacturers, commodity traders, and export credit agencies and development finance institutions.

NASHVILLE — The Tennessee Department of Commerce & Insurance (TDCI) proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service.

Developed by the National Association of Insurance Commissioners (NAIC), the Life Insurance Policy Locator Service is a free service that enables beneficiaries, executors, or legal representatives of deceased people to locate life insurance policies and annuity contracts of their late family members, clients, or friends.

From Jan. 1, 2025, to Dec. 31, 2025, the service located insurance policies with $107,757,080 in benefits for Tennesseans, breaking the previous record of $87.67 million set in 2024.

"I am encouraged to see that Tennesseans are claiming life insurance benefits as these policies are intended by their purchasers to help cover financial burdens such as medical bills, funeral costs, and other financial obligations that can occur after the loss of a loved one," said TDCI Commissioner Carter Lawrence.

"It is my hope that the Life Insurance Policy Locator Service eases the burden that family members and loved ones may face after the passing of a loved one, and I am grateful that the NAIC created this program."

Looking for a deceased loved one's lost policy? TDCI recommends that you start by reviewing financial records to see if you can find where payments have been made to an insurance company. If any of the documents reference payments made to an insurance company, you can call them directly to see if a policy can be located.

To request a search, follow these steps:

Complete NAIC's online Life Insurance Policy Locator Service request form. Once the request is complete, NAIC will send the policyholder's information to all licensed life insurance companies across the United States.

Companies will check their records to determine if they have a policy matching the beneficiary's information.

If a match is found, the company will respond within 60 days. If a company finds a match, they will respond directly to the requestor if you are a designated beneficiary or are legally authorized to receive such information.

The service does not track beneficiary information or claim payment after matches are reported, so there is no way to determine the amount actually returned to consumers. The total claim amount only includes the amount reported by companies tied to a match for a deceased person.

For more information on the Life Insurance Policy Locator Service and other consumer insurance resources, visit our blog or contact the TDCI Consumer Insurance Service Division at 1-800-342-4029 or (615) 741-2218.