Reinsurance News
XL Catlin
XL Catlin promotes Strack to Global Risk Management, regional leadership role
10th March 2017
Insurer and reinsurer XL Catlin has announced the promotion of Angie Strack to Senior Vice President and Underwriting Manager of Global Risk Management, North Central Region. Strack joined XL Catlin in 2011 bringing more than 17 years of experience in underwriting and broker management, which includes ten years of casualty underwriting at ... Read the full article
Padilla joins MS Amlin from XL Catlin as Senior Underwriter, Latin America
6th March 2017
MS Amlin has announced the appointment of Frank Padilla from insurer and reinsurer XL Catlin, as Senior International Casualty Underwriter in Latin America. The new appointment underlines MS Amlin's commitment to the Latin America marketplace and its continued expansion in the region. The firm remains focused on servicing clients locally across Latin America, ... Read the full article
XL expects $75m Ogden Rate hit on UK motor reinsurance book
1st March 2017
XL Group Ltd. said that it estimates the impact of the recent Ogden Rate change to be around $75 million, contained within its UK motor reinsurance book. XL does not underwrite much in the way of UK motor insurance or reinsurance business now, but has some exposure from business underwritten on ... Read the full article
Stephen Robb to succeed Peter Porrino as XL Chief Financial Officer
23rd February 2017
XL Group announced recently that Group Controller Stephen Robb will succeed retiring Peter Porrino as Chief Financial Officer (CFO), effective May 1st, 2017. Following his retirement, Porrino will continue to work as an advisor to Chief Executive Officer (CEO) Mike McGavick on a part-time basis. Commenting on the announcement, McGavick said; “First ... Read the full article
XL Catlin gets IRDAI approval to open India branch
23rd January 2017
XL Catlin’s reinsurance business announced today that the Insurance Regulatory Development Authority of India (IRDAI) has given the reinsurer final permission to open a branch in India. The new branch will offer treaty and facultative reinsurance and is set to open in Mumbai in time for the April 1st renewal period. Mike McGavick, ... Read the full article
XL Catlin names Anne Middleton to lead ceded reinsurance
16th January 2017
Anne Middleton has been named by XL Catlin's P&C Underwriting Capital Management operation as its new Global Head of Placements, Ceded Reinsurance. In the role, Middleton will manage the firm's ceded reinsurance arrangements taking responsibility for overseeing the program, negotiating the terms, structure and pricing of XL Catlin's reinsurance. In the role ... Read the full article
XL Catlin’s reinsurance segment announces leadership changes
9th December 2016
Insurer and reinsurer XL Catlin has announced several leadership changes within its reinsurance operations, including the appointment of Charles Cooper, currently Chief Executive Bermuda Reinsurance, as Chief Executive of XL Catlin’s Reinsurance business group. Replacing Cooper in Bermuda will be XL Catlin's current Chief Executive London Reinsurance, Jonathan Gale, subject to Bermuda immigration approval. ... Read the full article
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