XL Catlin opens new Shared Services office in Gurugram

Ireland-based global reinsurer XL Catlin today said it has opened a new office for the company's Shared Services operations in Gurugram.
The facility will provide vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin's teams across the world, the company said.
It will also will provide treaty and facultative reinsurance.
"We are delighted to announce the opening of our new office at World Tech Park (in Gurugram), providing our staff with a world-class, modern and flexible workspace which meets XL Catlin's environmental sustainability commitments," Derek Nazareth, XL Catlin's head of global operations and Country Head for India, said in a statement.

The company already has Shared Service offices in the country for 10 years.
"We have had offices in India for over 10 years now, with some exceptional colleagues making up our existing teams here in Gurgaon (Gurugram) and Bangalore (Bengaluru), where around 350 colleagues are based," he said.
"In terms of reinsurance we have been providing reinsurance coverage to clients in India from our offices across Asia Pacific for over a decade."
According to Nazareth, "We continue to invest in our leadership and recently appointed Sumit Chadha as head of our Enterprise Shared Services.