"}},{"@type":"Question","name":"Is XL Specialty Insurance Company admitted?","acceptedAnswer":{"@type":"Answer","text":"XL Specialty Insurance Company is a US-based admitted insurer with a branch in Canada that offers property and casualty products."}},{"@type":"Question","name":"Who bought XL Insurance?","acceptedAnswer":{"@type":"Answer","text":"AXA announced today that it has entered into an agreement to acquire 100% of XL Group Ltd (NYSE: XL), a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Europe, Lloyd's and Asia-Pacific."}},{"@type":"Question","name":"What does specialty insurance cover?","acceptedAnswer":{"@type":"Answer","text":"Specialty insurance is insurance that you can purchase to cover unique items, services, or risks. Specialty insurance falls outside what standard insurance policies cover. It can also cover what may be excluded from coverage."}},{"@type":"Question","name":"What does XL company do?","acceptedAnswer":{"@type":"Answer","text":"We are a leading provider of global commercial insurance programs. And as part of the AXA Group, we are one of the few global carriers that can offer a complete range of insurance and reinsurance products to enterprises of every kind and size."}},{"@type":"Question","name":"Who is the richest insurance company?","acceptedAnswer":{"@type":"Answer","text":"What Is the Wealthiest Insurance Company in the World? While United Health Group is the largest insurance company by revenue, it is dwarfed by Berkshire Hathaway in terms of net income and market cap."}},{"@type":"Question","name":"Who is the CEO of XL Insurance?","acceptedAnswer":{"@type":"Answer","text":"AXA XL appoints Lucy Pilko as Chief Executive Officer, Insurance in the Americas. AXA XL today announced that Lucy Pilko has been appointed Chief Executive Officer for the Americas region of its insurance operations, effective October 30, 2023."}},{"@type":"Question","name":"What is meant by reinsurance?","acceptedAnswer":{"@type":"Answer","text":"Reinsurance is a type of insurance that is purchased by insurance companies to reduce risk. Essentially, reinsurance may restrict the cost of damages that the insurer can theoretically experience. In other words, it saves insurance providers from financial distress, thus shielding their clients from undisclosed risks."}},{"@type":"Question","name":"How long does it take MetLife to process a hospital claim?","acceptedAnswer":{"@type":"Answer","text":"How long will it take MetLife to approve my claim? Once we receive your claim, we'll review everything within 5 business days and respond to your claim within 10 business days if we need more information from you."}},{"@type":"Question","name":"What is the difference between an admitted and a non-admitted insurer?","acceptedAnswer":{"@type":"Answer","text":"How do admitted and non-admitted insurance companies differ? If an insurance company is admitted, it means they've met the regulations set by the state Department of Insurance (DOI) in the areas they work. In comparison, non-admitted insurance carriers have not met their state's requirements."}},{"@type":"Question","name":"How to tell if an insurance carrier is admitted?","acceptedAnswer":{"@type":"Answer","text":"The term “admitted” simply refers to whether or not an insurance company has been licensed by a particular state. An insurance company can be admitted in State A, but non-admitted in State B."}},{"@type":"Question","name":"Who bought out Geico insurance?","acceptedAnswer":{"@type":"Answer","text":"In 1996, GEICO became a wholly owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country's most successful investors."}},{"@type":"Question","name":"When did AXA buy XL?","acceptedAnswer":{"@type":"Answer","text":"In September 2018, Axa acquired XL Group and renamed the division Axa XL."}},{"@type":"Question","name":"What is the full form of XL brand?","acceptedAnswer":{"@type":"Answer","text":"abbreviation for extra large: used to describe or refer to someone or something, usually an item of clothing, that is very large: Sizes available: S, M, L, XL, and XXL."}}]}}

XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (2024)

by Knight Creamland

XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (1)

If you are looking for a reliable and innovative insurance partner for your business, you might want to consider XL Specialty Insurance Company.

This is a subsidiary of AXA XL, one of the leading P&C commercial lines insurance platforms in the world.

In this article, I will tell you more about who they are, what they offer, and how you can join them.

Contents show

Who is XL Specialty Insurance Company?

XL Insurance is the global brand used by AXA XL’s insurance companies to offer property, casualty, professional, and specialty insurance products to businesses of all sizes.

XL Specialty Insurance Company is one of these companies, operating in the US and Canada.

It has a financial strength rating of A+ (Superior) from AM Best, which means it has a strong ability to meet its ongoing obligations to policyholders.

What are the benefits of joining XL Specialty Insurance Company?

XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (2)

By joining AXA XL, you can enjoy the following benefits:

How to join AXA XL?

If you are interested in joining AXA XL you can contact them through their website or through their brokers and agents.

You can also find out more about their products and services by browsing their online resources.

They will be happy to answer your questions and provide you with a quote.

Table of contacts of XL Specialty Insurance Company

Here is a table of contacts of AXA XL for your convenience:

RegionPhoneEmail
US+1 800 622 7311axaxl_us@axaxl.com
Canada+1 416 368 3911axaxl_canada@axaxl.com

What are the financial details of XL Specialty Insurance Company?

According to AM Best, AXA XL had total:

  1. assets of $9.8 billion
  2. total liabilities of $6.8 billion
  3. policyholders’ surplus of $3 billion

It also had net premiums written of $2.4 billion and a net income of $282 million for the year 2022.

It has a strong capitalization and liquidity position that supports its business growth and risk profile.

How to file a claim with XL Specialty Insurance Company?

XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (3)

If you need to file a claim with AXA XL, you can do so online through their website or by phone at +1 800 688 1840.

You can also email them at axaxl_claims@axaxl.com.

They have a dedicated team of claims specialists who will handle your claim promptly and professionally.

The Customer Review of XL Specialty Insurance Company

AXA XL has received positive feedback from its customers for its quality service and products.

Here are some examples of customer reviews from Trustpilot:

  • “I have been with XL for over 10 years and they have always been very responsive and helpful. They have a great range of products and coverages that suit my business needs. I would highly recommend them to anyone looking for a reliable insurance partner.”
  • “XL is an excellent company to work with. They have a knowledgeable and friendly staff who are always ready to assist. They have a fast and fair claims process that makes it easy to get compensated. They have a high level of expertise and innovation that sets them apart from other insurers.”
  • “XL has been a great choice for our company. They have provided us with comprehensive and customized solutions that meet our specific requirements. They have been very supportive and flexible throughout our relationship. They have a strong reputation and financial strength that gives us peace of mind.”

AXA XL is a reputable and trusted insurance company that offers a variety of products and services for businesses of all sizes.

It has a global presence, a strong financial performance, and a customer-oriented approach.

If you are looking for an insurance partner who can help you protect your business from various risks, you should consider AXA XL.

You can contact them today and get a quote for your insurance needs.

XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (4)

Knight Creamland

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Why choose Knight?

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XL Specialty Insurance Company: Benefits, Contacts, Financial Details, Claims, Reviews (2024)

FAQs

What is XL Specialty Insurance Company? ›

XL Specialty Insurance Co offers property and casualty products.

Who owns XL Specialty Insurance Company? ›

Is XL Specialty Insurance Company admitted? ›

XL Specialty Insurance Company is a US-based admitted insurer with a branch in Canada that offers property and casualty products.

Who bought XL Insurance? ›

AXA announced today that it has entered into an agreement to acquire 100% of XL Group Ltd (NYSE: XL), a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Europe, Lloyd's and Asia-Pacific.

What does specialty insurance cover? ›

Specialty insurance is insurance that you can purchase to cover unique items, services, or risks. Specialty insurance falls outside what standard insurance policies cover. It can also cover what may be excluded from coverage.

What does XL company do? ›

We are a leading provider of global commercial insurance programs. And as part of the AXA Group, we are one of the few global carriers that can offer a complete range of insurance and reinsurance products to enterprises of every kind and size.

Who is the richest insurance company? ›

What Is the Wealthiest Insurance Company in the World? While United Health Group is the largest insurance company by revenue, it is dwarfed by Berkshire Hathaway in terms of net income and market cap.

Who is the CEO of XL Insurance? ›

AXA XL appoints Lucy Pilko as Chief Executive Officer, Insurance in the Americas. AXA XL today announced that Lucy Pilko has been appointed Chief Executive Officer for the Americas region of its insurance operations, effective October 30, 2023.

What is meant by reinsurance? ›

Reinsurance is a type of insurance that is purchased by insurance companies to reduce risk. Essentially, reinsurance may restrict the cost of damages that the insurer can theoretically experience. In other words, it saves insurance providers from financial distress, thus shielding their clients from undisclosed risks.

How long does it take MetLife to process a hospital claim? ›

How long will it take MetLife to approve my claim? Once we receive your claim, we'll review everything within 5 business days and respond to your claim within 10 business days if we need more information from you.

What is the difference between an admitted and a non-admitted insurer? ›

How do admitted and non-admitted insurance companies differ? If an insurance company is admitted, it means they've met the regulations set by the state Department of Insurance (DOI) in the areas they work. In comparison, non-admitted insurance carriers have not met their state's requirements.

How to tell if an insurance carrier is admitted? ›

The term “admitted” simply refers to whether or not an insurance company has been licensed by a particular state. An insurance company can be admitted in State A, but non-admitted in State B.

Who bought out Geico insurance? ›

In 1996, GEICO became a wholly owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country's most successful investors.

When did AXA buy XL? ›

In September 2018, Axa acquired XL Group and renamed the division Axa XL.

What is the full form of XL brand? ›

abbreviation for extra large: used to describe or refer to someone or something, usually an item of clothing, that is very large: Sizes available: S, M, L, XL, and XXL.

What is the principal place of business of XL Specialty Insurance Company? ›

Description. XL Specialty Insurance Company is an insurance company based in Stamford, Connecticut. Established in 1979, the company offers insurance products primarily for aircraft, marine, burglary, and credit. It operates as a subsidiary of XL Reinsurance America.

What does AXA XL deal with? ›

AXA XL: Overview

It also offers insurance products for artworks, high-value goods, collectables, and properties to ultrahigh net-worth individuals and their families. It provides reinsurance products to insurance companies.

Is AXA XL a good company? ›

AXA XL has an employee rating of 3.8 out of 5 stars, based on 1,436 company reviews on Glassdoor which indicates that most employees have a good working experience there. The AXA XL employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

What is XL fleet company? ›

XL Fleet, which provided hybrid electric vehicle systems for commercial fleet vehicles, went public through a 2020 merger with a special purpose acquisition company (SPAC).

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