XL Catlin And Bamboo Insurance Enter Underwriting Agreement
“I believe that the end to end experience customers and agents have had with P&C companies is not friendly and borders on adversarial.” – Founder and CEO of Bamboo Insurance, John Chu.
Meet Bamboo Insurance, the newly launched program administrator that has entered into an underwriting agreement with XL Catlin to provide property insurance in California.
The California-based company was incorporated in the beginning of 2018 by John Chu, a 25-year veteran of the P&C insurance industry, and is a team of five according to LinkedIn. It offers Homeowners and Dwelling Fire by Catlin Insurance Company, Earthquake by Palomar Specialty and Flood by Prospect General Insurance.
“XL Catlin has a long history of identifying high quality specialized program administrators that address market needs and benefit from our underwriting expertise and strong capital position. We are very excited about adding the Bamboo team to this list.” – Chief Executive, Reinsurance North America, John Welch.
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