Reinsurance major keen on buyouts

Describing themselves as a slow and steady player with long-term plans, 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 in 2016 by opening a Mumbai office which now offers reinsurance solutions, along treaty and facultative reinsurance. 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 in a recent interaction without offering a timeline or the money they plan to invest.