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XL Group plc has launched automotive recall plus, a new product designed for the automotive supplier industry. The company said that it provides additional liability coverage for the warranty agreements between automobile manufacturers and suppliers. This makes automotive recall plus an option for automotive suppliers in Germany, Austria, and Switzerland. 

Bernd Oppermann, the senior underwriter in international casualty at XL Group, said, “Until now, in the case of a product recall, neither production costs for faulty products, nor the automotive manufacturer’s internal costs were insured. It was expensive and time-consuming for suppliers to produce replacement parts out of pocket. That is why we are delighted to launch this new solution in Germany, Austria, and Switzerland.”

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