IslamicFinance.de

XL Group's global and professional unit formed the cyber and technology risk business unit named North America Cyber & Technology Risk business unit, to capitalize on the rising demand for cyber insurance in the U.S. and Canada. Moreover, XL Group has extended its Shariah compliant cover to Financial Lines and entered into a collaboration with Citation Jet Pilots (CJP) in August. The tie-up will provide competitive insurance policies to Citation owners and pilots who finish the safety education seminars. These expansion initiatives are expected to help it in many ways such as strengthening of operational capacity, increasing competitiveness, and increasing the scope for revenue generation.