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Reinsurance News

XL Catlin

Re/insurers’ ignoring certain exposures & soft market creates “perfect storm”, warns XL Catlin

12th September 2017

The absence of a major landfalling hurricane in the state of Florida and across the U.S. has seen some insurers and reinsurers turn a blind eye to certain exposures, which, combined with the ongoing soft market conditions creates "a perfect storm of its own," according to Wade Stier, Underwriter, U.S. ... Read the full article

XL Catlin expands North American Aviation Insurance team with key appointments

3rd August 2017

XL Catlin has expanded its Canada Aviation Insurance team with the appointment of David Watts as Vice President of Canadian Aviation Manager, Stephanie Hope as Aviation Underwriter and Alex Barker as Manager of Aviation. Timothy Bartos was announced new Vice President Senior Underwriter for the U.S. team, based in New York. Commenting ... Read the full article

XL Catlin’s Cyber & Data Protection cover launches in Asia-Pacific

26th July 2017

Global insurer and reinsurer, XL Catlin, has launched its Cyber and Data Protection Insurance policy in the Asia-Pacific, as companies across the region find themselves increasingly vulnerable to more sophisticated cyber threats. The new policy is designed to protect businesses across the Asia-Pacific from business interruption as a result of a network compromise and ... Read the full article

Brit agrees on XL Catlin exclusive yacht portfolio renewal rights deal

24th July 2017

Brit Global Specialty USA (BGSU) has reached an agreement for exclusive renewal rights to part of XL Catlin's directly written yacht portfolio. Under the agreement, Brit BGSU’s Yacht team will service legacy Catlin policies written before the firm's acquisition by XL until expiration, and then provide eligible customers with renewal quotes. Matthew Wilson, CEO, ... Read the full article

XL Catlin has named Ashish Umre as partner of its Accelerate AI team

12th July 2017

Insurer and reinsurer XL Catlin has added a key Artificial Intelligence (AI) expert, with the appointment of Ashish Umre as the new London-based partner of its Accelerate AI team. Accelerate was set up in November 2016 as XL Catlin's internal innovation team to leverage new technologies to grow market reach, while ... Read the full article

Sonja Ochsenkuehn joins XL Catlin from AIG to lead Global Programs

10th July 2017

The global insurance division of insurer and reinsurer, XL Catlin, has announced the appointment of Sonja Ochsenkuehn from insurer AIG, as Head of Global Programs. Ochsenkuehn has worldwide responsibility for XL Catlin's insurance operations' Global Programs, which are key to the company's offerings to its clients. In fact, XL Catlin explains that last ... Read the full article

Facilities performing “as expected” for XL Catlin, increased size paying off

30th June 2017

XL Group's senior executives recently told analysts from Keefe, Bruyette & Woods that their portfolio underwriting initiatives through facilities are performing in-line with expectations, opportunities that the company may not have had prior to the merger with Catlin. Forming XL Catlin was all about scale and relevance in the insurance and ... Read the full article

XL Catlin promotes Murphy to Excess & Surplus Property Insurance Regional Leader

26th June 2017

XL Catlin's Excess & Surplus (E&S) insurance team has promoted Caitlin Murphy to Eastern Regional Vice President from senior underwriter. Murphy will work alongside E&S's property leadership team including Kyle Burnett, West Region Vice President and Brian Ahern, Central Region Vice President, and will be responsible for directing regional underwriting operations and product and ... Read the full article

XL Catlin expands Latin America Marine Underwriting with string of hires and promotions

23rd June 2017

XL Catlin has expanded its Latin America Marine Underwriting team with a string of new hires and promotions in Brazil and Mexico. In Mexico Francisco Campos, previously Junior Underwriter, was appointed to Marine Cargo Underwriter; in Brazil Karina Amaral joined the team to take up the same position. The re/insurer announced the ... Read the full article

XL Catlin announces promotion of Adias Gerbaud to Head International Environmental

8th June 2017

XL Catlin has announced the promotion of Adias Gerbaud to Head International Environmental as the reinsurer moves to strengthen its environmental insurance capabilities across its EMEA, LatAm and APAC regions. In her newly expanded Madrid-based role, Gerbaud will be responsible for managing XL Catlin’s environmental portfolio while leading a team of eleven underwriters ... Read the full article

XL Catlin lifts global property insurance capacity to $500m

7th June 2017

Insurer and reinsurer XL Catlin has increased its global property insurance capacity by 25% to $500 million, and which the company says is available on a quota share or layered basis. The 25% capacity extension enables the re/insurer to address more of its domestic and international property insurance needs, as clients increasingly ... Read the full article

Aiden Joo joins XL Catlin from Zurich Global as Senior Underwriter

2nd June 2017

XL Catlin has appointed Aiden H. Joo as Senior Underwriter in New York to expand its U.S. underwriting capabilities for Structured Risk Solutions. Joo joins from Zurich Global Corporate where he was an underwriter and deal architect, developing a variety of insurance solutions including integrated insurance programs, risk financing and alternative risk transfer programs ... Read the full article

XL Catlin sets up Political Risk, Credit & Bond practice in Canada

31st May 2017

XL Catlin has opened its first Political Risk, Credit & Bond (PRCB) insurance practice in Canada and appointed Marvin Azzopardi as Senior Underwriter. The move comes in response to continued demand for PRCB insurance from Canadian firms, as businesses navigate an increasingly uncertain geopolitical environment. Dan Riordan, Global Head of PRCB, said; “We ... Read the full article

XL Catlin promotes Rob McAdams to Chief Underwriting Officer, Global Marine

25th May 2017

Insurer and reinsurer XL Catlin has announced the promotion of Rob McAdams as Chief Underwriting Officer (CUO) for its Global Marine, effective immediately. McAdams has 20 years of industry experience and was previously UK/Ireland Marine Leader at the firm. Prior to joining legacy XL he worked for Reliance National in New York, and ... Read the full article

XL Catlin appoints Steven Bauman to head of captive practice in North America

23rd May 2017

XL Catlin has announced the appointment of Steven Bauman to head of global programs and captive practice in North America, effective May 23. Bauman will oversee XL's North American global insurance programs and captive business, ensuring these follow compliance and best practice rules, developing innovative captive products, and helping with structuring global captive ... Read the full article

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