XL Catlin Opens New Shared Services Office in Gurgaon, India

GURGAON, India, Feb. 8 -- XL Group, an insurance and reinsurance company, issued the following news release:

XL Catlin today announced the opening of a new office, covering three floors at DLF World Tech Park in Gurgaon. The new office is for the company's Shared Services operations, which provide vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin's teams across the world.

Located in Gurgaon's Sector 30, XL Catlin's new office covers 180,000 sq ft, allowing it to bring approximately 1,300 colleagues together under one roof from two of its former offices at Bestech Business Tower and DLF Cyber City.

Commenting, Derek Nazareth, XL Catlin's Head of Global Operations and Country Head for India said: "We are delighted to announce the opening of our new office at World Tech Park, providing our staff with a world class, modern and flexible workspace which meets XL Catlin's environmental sustainability commitments. The building was designed to meet Leadership in Energy & Environmental Design (LEED) standards, incorporating solar panels and energy efficient LED lighting to reduce our environmental impact."

Mr Nazareth added: "Seeking out the best local talent in each of our markets has always been a key focus for XL Catlin. We have had offices in India for over 10 years now, with some exceptional colleagues making up our existing teams here in Gurgaon and in Bangalore, where around 350 colleagues are based. We continue to invest in our leadership and recently appointed Sumit Chadha as Head of our Enterprise Shared Services, and we are looking to significantly strengthen our existing teams and recruit top talent, in this vibrant, well-connected part of Gurgaon."

The opening of the new office was attended by several senior XL Catlin executives including; Myron Hendry, Chief Platform Officer and Adrian Spieler, Insurance Platform Officer.

About XL Catlin's Insurance Operations

XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.

About XL Catlin

XL Catlin is the global brand used by XL Group Ltd's (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.

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