Catlin Group is to form a crisis management underwriting team that will write product recall and kidnap and ransom coverages from 1 July 2006.
Catlin said the product recall coverage will cover companies in the food, drink and consumer goods industries for accidental contamination of products, malicious tampering incidents and product recalls.
Paul Brand, Catlin's chief underwriting officer, said: "Underwriting this class of business will not only expand Catlin's product offerings to brokers and their clients, but will also further diversify the portfolio of business underwritten by the Group."
