LONDON, July 18, 2016 /PRNewswire/ -- July 18, 2016 – XL Catlin today announced it has
established a new Reinsurance Unit focused on providing Facultative
and Treaty Reinsurance across Africa.
Leading the team is Alex St James
who has been appointed as Head of Africa for XL Catlin's Reinsurance operations.
Additionally XL Catlin has appointed Matthew Gillies as an Actuarial Underwriter.
Both Mr. St James and Mr. Gillies will be based in London.
Commenting David Watson, XL
Catlin's Chief Executive, EMEA, Reinsurance said: "Africa is a varied and complex collection of
frontier and developing markets, generally rich in resources and
increasingly home to international companies. Traditionally there
has been a lack of insurance penetration across the continent, but
this is changing and we believe we have a part to play as
reinsurance capacity will further drive the development and growth
of the primary insurance market."
Mr. Watson continued: "We believe our global expertise, A+ rated
security combined with Alexander's prior experience positions us
ideally to serve this growing market."
Mr. St James joins XL Catlin from One Re Ltd, in which he was
instrumental in gaining UK regulatory approval for and bringing
that company to the market in 2015. Alex brings with him over 20
years' experience in the industry. Prior to joining One Re Ltd, he
fulfilled a variety of senior managerial roles in underwriting and
has previously worked across Africa with the Global Alliance group of
companies, most notably in Mozambique, Angola and Ghana. He holds a B.Eng (Hons) degree and is a
Portuguese speaker.
Mr. Gillies also joins XL Catlin from One Re Ltd. Prior to
joining One Re Ltd he fulfilled the role of Graduate Pricing
Analyst at Covéa Insurance. Mr. Gillies is currently finishing his
Actuarial qualifications, with significant expertise in capital
modelling, risk management, Solvency II, pricing and investments.
He also holds a BSc in Mathematics from the University of
Durham.
About XL Catlin's Reinsurance Operations
XL Catlin reinsurance companies are among the world's leading
reinsurers. They offer products that include aerospace, property,
casualty, marine and specialty. The world's top insurers choose XL
Catlin to help move their businesses forward. 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/xl-catlin-establishes-reinsurance-unit-for-africa-risks-300299856.html
SOURCE XL Catlin