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 programmes across business lines.
He will report to Matthew Latham, XL Catlin’s global head of captive programs.
Latham welcomed Bauman to his new role; “New business risks continue to emerge and regulatory issues are growing more complicated globally.
“That is why we’re committed to build out our global programs and captive expertise with top industry talent like Steven, whose extensive experience will ensure our clients and brokers get the best possible captive-related solutions that address their risks now and in the future.”
Prior to his appointment, Bauman served as head of captive services for Zurich Insurance Group.
He has also worked for Aon and before Aon for XL Catlin as manager of its New York underwriting hub.
Bauman will also report to Bob Peretti, Head of Client and Broker Management in North America.
Peretti added; “Steven has more than 25 years of experience serving clients and their captives and broad expertise of captive solutions in risk management.
“With Steven’s extensive market knowledge, and XL Catlin’s broad risk appetite and service excellence, we will accelerate delivering our best in class global program solutions to North American based multinational companies.”