Market Overview

XL Catlin Gets a Comprehensive Network Plan from Verizon

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BASKING RIDGE, N.J., Aug. 29, 2018 (GLOBE NEWSWIRE) -- With over 7,000 employees, XL Catlin, has over 100 offices spanning approximately 30 countries. Faced with a rapidly growing business, new business lines and legacy networks, the global insurers and reinsurers have turned to Verizon to automate their network. XL Catlin will deploy Verizon's Virtual Network Service (VNS) which will enable the company to focus on the customer experience by giving complete visibility and control to XL Catlin's IT team. 

"The insurance industry is one of the most dynamic yet regulated industries with new lines of business added constantly, complex underwriting and heavy regulatory requirements across many different geographies. So it's more important than ever to be able to innovate and respond to market changes without being constrained by IT," said Vickie Lonker, Vice President of Network and Security Product Management at Verizon. 

Through this deployment, XL Catlin's IT team will be able to automate service delivery of consumption-based network and security application bundles, including SDWAN and WAN Optimization service chains, while maintaining centralized control and management, delivered on virtualized universal customer premises equipment supporting multiple applications and services. The platform also enables XL Catlin to build and integrate future lines of growth in Security and Cloud Hosted Applications, along with other strategic solutions, including Internet of Things (IoT), virtual security applications and machine learning/automation. 

Find out more about Verizon's Virtual Network Services at: http://www.verizonenterprise.com/products/networking/sdn-nfv/virtual-network-services/.

About XL Catlin's Insurance Operations

XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.

About XL Catlin

XL Catlin is the global brand used by XL Group Ltd's (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.

Verizon Communications Inc. ((NYSE, NASDAQ:VZ), headquartered in New York City, generated $126 billion in 2017 revenues. The company operates America's most reliable wireless network and the nation's premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary reaches people around the world with a dynamic house of media and technology brands.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Chris McCann
908.559.8135
christopher.mccann@verizon.com 

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