NEW YORK, June 27, 2016 /PRNewswire/ -- As more
companies look for merger and acquisition (M&A) opportunities
to strengthen market position, expand globally and grow, XL Catlin
is building its expertise and suite of products with the formation
of the Global Mergers and Acquisitions Insurance Division and the
appointment of Brian Benjamin as
Global Head to lead the effort into this rapidly expanding
market.
Based in New York and reporting
to Dan Kumpf, Chief Executive,
Global Professional, Mr. Benjamin's initial focus will be on hiring
the underwriting teams in New York
and around the globe to design a suite of transactional risk
products that will allow XL Catlin clients to maximize deal
valuations, enhance the bid process in competitive auctions and
bridge gaps which may otherwise prevent parties from completing a
deal.
"M&A activity remains robust following last year's record
year, and more importantly the transactional insurance market
continues to experience rapid growth as these products are now
being used more regularly by buyers and sellers to quantify, price
and allocate risk," said Mr Kumpf. "I am excited about
expanding our product offerings across XL Catlin's global footprint
with the addition of a seasoned professional like Brian. Brian has
played an important role in the M&A insurance market having
developed AIG's underwriting model and spearheading the launch of
their transactional risk practice.
Mr. Benjamin joins XL Catlin with nearly 30 years of global
financial lines experience most recently serving as AIG's
Management Liability and Financial Institutions Officer.
Throughout his career, he has held increasingly senior underwriting
management positions, in New York,
London and Paris, managing multinational teams to grow
multibillion dollar global professional liability
portfolios.
Mr. Benjamin received his undergraduate degree in Finance from
Pennsylvania State University and his
masters of international management from Thunderbird School of
Global Management, the oldest and largest graduate school for
international business in the United States.
With its market share and underwriting expertise, XL Catlin's
Professional team is a market leader in providing Directors
& Officers, Professional, Employment Practices, Pension
liability, Crime & Fraud and Financial Bond insurance to public
companies.
About XL Catlin Insurance Operations
The XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group plc's (NYSE:
XL) insurance and reinsurance companies which provide property,
casualty, professional and specialty products to industrial,
commercial and professional firms, insurance companies and other
enterprises throughout the world. Clients look to XL Catlin
for answers to their most complex risks and to help move their
world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin