Is XL Specialty Insurance Company A Good Company?

UPDATED: Apr 8, 2013

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UPDATED: Apr 8, 2013Fact Checked

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Asked April 8, 2013

1 Answer

XL Specialty Insurance Company was founded in 1979 as a specialty fire and casualty company, in Stamford, Ct. As such, the company expanded slowly over the years, until the 1980's when insurance companies around the world suffered their first major setbacks. The resulting group of companies emerged stronger than ever, with an increased reach and stabilized economy.

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Financial Rating
XL Specialty Insurance Company is rated as the XL Group plc, the topmost entity of the corporate structure. Under that name, the company is rated "A" (Excellent), with a stable long term outlook of "a." The company was most recently rated in October of 2012, at which time the company was rated as a stable financial institution. The XL Group has assets of more than 2 billion dollars.

Customer Satisfaction
XL Specialty Insurance Company grew dramatically in 1986, when 68 of the largest insurers in the world joined together to form the XL Group. As a high risk insurer, the company fills a niche market targeted at companies who have trouble securing insurance coverage from traditional sources. Because of the specialty nature of the company, it tends to be highly rated among customers.

Company Availability
XL Specialty Insurance Company is available throughout the United States and around the world. As a global insurance company, XL Specialty Insurance Company provides high risk insurance and specialty policies, primarily to corporate enterprise.

Insurance Products Offered
XL Specialty Insurance Company sells insurance plans in several categories. Policies are available for homeowners, private and commercial vehicles of all types, including recreational vehicles, ATVs, motorcycles, boats and airplanes, as well as business insurance for a wide range of commercial and other business interests. The company also sells specialty insurance, including casualty, property, professional, property risk engineering.

Answered April 8, 2013 by Anonymous

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