XL Catlin has announced the promotion of Tim Powell to Chief Underwriting Officer (CUO) for International Financial Lines (IFL), with effect from March 1st.
As COU Powell will lead the underwriting performance of XL Catlin’s Financial Lines portfolio in all geographies outside North America, develop overall strategic objectives for this line-of-business, and oversee the development of innovative products and services.
He will also join XL Catlin’s International Leadership Team.
Powell will be based in London from May 1 and report to Jason Harris, Chief Executive, International – Insurance, who welcomed Powell to his role; “Tim has effectively managed large, diverse portfolios and has in-depth experience with the different distribution channels. I’m confident that Tim’s technical expertise, strategic perspective and inclusive leadership style will be instrumental as we continue to strengthen our position as a leading IFL market.
“Once again, the fact that XL Catlin was able to fill this position internally is a testament to our ongoing efforts to develop our people and provide opportunities for advancement.”
Powell is currently XL Catlin’s IFL Product Group Leader for Asia-Pac where he leads a team of FL Underwriters in Australia, Singapore, Hong Kong, and Shanghai.
He has previously led the firm’s Financial & Professional Risks portfolio in Australia, as well as the underwriting infrastructure since he first joined Catlin Australia in 2009 after working at Allianz, AIG and Sedgwick.
