Reinsurance major XL catlin keen on Indian market

The Bermuda-based American reinsurer XL Catlin,  is open to tap the inorganic route, says its global chief executive. Describing the group as a steady player with long-term goals, Charles Cooper, chief executive at XL Catlin’s global reinsurance business group, said this means that they will not grow for the sake of having a bloated balance-sheet but will be focusing only on sustainable and profitable growth. The company formally began its operations early last year by opening a Mumbai office. “We want to be part of and support the growth of Indian market. We are a long-term player and so we recognise the part we need to play in making sure the market is sustainable by making sure that we get a fair price for the risks we take onto our balance sheet,” Cooper said.