Insurance giant XL Catlin has been made the official insurance partner of the America’s Cup.

The firm will also be the presenting partner of the America’s Cup volunteer programme — which will see more than 250 volunteers deployed over the first Bermuda races this weekend and through to the finals in 2017.

America’s Cup commercial commissioner Dr Harvey Schiller said: “We’re delighted to welcome XL Catlin to the America’s Cup family.

“Their close involvement with the volunteer and educational programmes for the 35th America’s Cup is especially appreciated as this is such an important factor in the success, community spirit and legacy of the event, starting with the Louis Vuitton America’s Cup World Series in Bermuda at the weekend.”

XL Catlin CEO Mike McGavick added: “XL Catlin is a global brand that stands for tackling complex risk through expertise and innovation — the attributes that have long been a must for success across the America’s Cup schedule.

“And now, with Bermuda playing host, where XL Catlin has deep roots, we find the timing perfect to further build our brand through this partnership and support the Island and this exciting event.”