XL Catlin unveils next insurance management layer

XL Catlin unveils next insurance management layer

XL Group chief executive (CEO) Mike McGavick has written to staff of the combined XL Catlin business to reveal those who will be tasked with leading the enlarged company’s insurance operations in each country, Reactions understands.

McGavick, who will serve as chief executive of XL Catlin when the transaction is completed, said the new insurance division structure is "a more matrixed approach" that what XL currently works under.

"Within that matrix, the underwriting chief executives will be responsible for certain key activities within their divisions including underwriting strategy, underwriting guidelines, pricing and analytics and product design.

"Similarly, the insurance region chief executives will be responsible for activities within their region including broker management, client management, country management and legal entity management.

"Underwriting divisions and regions will have shared responsibility for regional underwriting, and as a result, regional underwriters will have dual reporting – into both divisions and regions."

These 47 appointments mark the next step in the company’s preparations for the future, with the latest announcement following on from two memos McGavick has sent to staff over the past five weeks detailing who will be leading XL Catlin’s insurance and reinsurance operations.

The new announcement shows many of the leaders who will directly report to XL Catlin’s insurance underwriting division and regional chief executives once the deal has been closed.

While there are 47 named appointments, several gaps still remain, such as the three people who will be appointed head of broker and client management in the Americas, Asia and Europe. Who will be named director of strategic operations in Europe is also unclear.

Reactions understands that within the memo, McGavick explains “the basic structure will be four insurance underwriting divisions set up around our products and, four insurance regions”.

“Underwriting chief executives will report to Paul Brand and region chief executives will report to Kelly Lyles,” he adds.

McGavick also promised further information will be unveiled in the coming weeks, namely additional direct reports to the insurance underwriting division and regional chief executives, regional insurance product leaders and additional country managers. A description of how the current insurance businesses will map to the new model will also be outlined.

Other announcements about the next level of reinsurance leadership, leadership of our claims and actuarial functions, as well as functional teams will be revealed in due course, McGavick says in the briefing.

The full list of newly announced appointments is below:

Appointments that will be directly reporting into the insurance region chief executives:

Americas Region, headed up by CEO Joe Tocco
Latin America 
Bruno Laval       
BermudaPatrick Tannock   
CanadaDavid Huebel
Underwriting Director    Nick Greggains 
Underwriting DirectorBob Shine 
Director Strategic Operations   Donna Nadeau 
Head of Broker and Client Mgmt    TBA

Asia Region, headed up by CEO Craig Langham
Deputy CEOMark Newman        
SingaporeYann Marmonier
Greater ChinaPhilip Chan
Australia  Robin Johnson
MalaysiaRaymond Wong
India  Joseph Augustine    
Underwriting DirectorBobby Heerasing
Director Strategic Operations  Philippe Lutgen
Head of Broker and Client Mgmt TBA

Europe Region, headed up by CEO Ralf Tillenburg
DACH and NetherlandsDieter Goebbels      
Southern EuropeBruno Laval
Northern EuropePeter Wullimann
France and BelgiumKadidja Sinz
Middle East and AfricaRalf Tillenburg
Underwriting DirectorCarsten Keune
Director Strategic Operations
Head of Broker and Client Mgmt  

UK and Ireland, headed up by CEO Andrew McMellin 
IrelandDavid Gallagher   
Underwriting DirectorPaul Greensmith
Director Strategic OperationsRichard Clapham
UK Head of Broker and Client MgmtNigel Bamber

Appointments that will be directly reporting into the insurance underwriting division chief executives:

Casualty, headed up by CEO Jason Harris 
Casualty, North AmericaKen Riegler  
Casualty, InternationalDaniel Maurer
SuretyDavid Hewett      
Excess, North AmericaLorraine Seib
US ConstructionGary Caplan

Professional, headed up by CEO Dan Kumpf
Hartford ProfessionalTony Giacco, Sean Hearn, John Burrows, James Koval
CyberJohn Coletti
International Financial Lines Louise Dennerstahl
Design and SelectAlex Blanco
Global CrimeGreg Bangs
Bermuda ProfessionalMatt Irvine

Property, energy and construction, headed up by CEO Doug Howat 
Global EnergyHuw Jones 
International PropertyIan France
North American PropertyMichele Sansone
International ConstructionMax Benz

Specialty, headed up by CEO Neil Robertson
Global MarineLee Meyrick
Global Crisis Management/PRTC Stephen Ashwell
Global Fine Art and SpecieGraham Hawkins  
Global AerospacePaul Tuhy
Global A&H and EquineNigel Guillaume-Smith 

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