Insurer and reinsurer XL Catlin has announced the appointment of Karl Fischbach in a newly added role, as head of Binding Authority and Brokerage for its Excess & Surplus (E&S) insurance division.
Fischbach has been in the insurance and reinsurance industry for 24 years, and assumes his new responsibilities in addition to his role as Wholesale Broker, Programs and Binding Relationship Leader.
As head of Binding Authority and Brokerage for XL Catlin’s E&S insurance operation, Fischbach will be tasked with aligning the firm’s E&S underwriting and products with its distribution strategies, explains XL Catlin.
Fischbach will report to President of Excess & Surplus Lines for XL Catlin, Stephen Oh, who commented on the appointment; “Karl’s broad industry experiences have given him an appreciation and skill for finding insurance market efficiencies. We’re excited to tap into Karl’s experience and commitment as we look to drive greater efficiency and innovation across our multiple E&S products and distribution models.”
Fischbach joined Catlin in 2014 to lead its U.S. insurance distribution, and assumed broker management and business development responsibilities for XL Catlin following Catlin’s merger with XL Group in 2015.
Robert Peretti, SVP – Head of Broker & Client Management for North America, also commented on the appointment; “Karl’s strong working relationships with our wholesaler brokers, general agents and program managers, along with his understanding of our underwriting process and products puts in a unique position to enhance delivery of our E&S products.
“Karl’s willingness to assume these new responsibilities, while continuing in his role on our Broker and Client Management team, offer us a great opportunity to listen to our business partners and shape our delivery of E&S product offering.”