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XL Group has announced that it is extending its BuildSecure surety protection to U.S. and Canadian energy and construction firms to “protect project performance.”

David Hewett, president of XL Group’s surety business, noted, “As energy and other contracting firms look to upgrade and build out much needed energy infrastructure – from pipelines to power transmission – we’re looking forward to helping businesses keep these projects moving on schedule with guaranteed performance protection. Because of the size, expense, and time-sensitivity of energy projects, the last thing that firms need is a contractor default issue that can halt progress. “

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