NEW YORK, Dec. 13, 2016 /PRNewswire/ -- Preparing to
capitalize on Merger & Acquisition (M&A) activity in 2017,
XL Catlin continues to build out its global M&A insurance team
with the appointments of Joseph W.
Laws and Michael J. McGowan
as Directors of M&A Insurance in North America. Based in
New York, Mr. Laws and Mr. McGowan
will report to Brian Benjamin, head
of XL Catlin's Global M&A Insurance business.
Mr. Benjamin noted that, "The continued expansion of the global
M&A transactional risk insurance market, with both private
equity firms and strategic buyers increasingly realizing the
benefits of these products as critical to executing on their
M&A strategies, offers us an opportunity build on XL Catlin's
track record of delivering underwriting excellence and offering
innovative solutions for complex risks. We are excited
to enlist Joe and Michael's expertise as we ramp up our M&A
insurance operation in North
America to deliver best-in-class service and market leading
solutions."
"We look forward to unveiling new transactional risk products
that will allow both deal professionals and clients to
maximize deal valuations, enhance the bid process in competitive
auctions, and bridge gaps which may otherwise prevent parties from
completing a deal," added Mr. Benjamin. "By leveraging the deep
transactional M&A expertise and industry relationships that
both Joe and Michael bring to our team, we are seeking to build an
underwriting platform that will quickly distinguish itself amongst
our broker partners for its flawless execution and focused
underwriting."
Mr. McGowan joins XL Catlin from Chubb where he most recently
served as Vice President helping build out Chubb's Transactional
Risk practice and leading the structuring and underwriting of
Representations and Warranties insurance as well as other
transaction-based products. Prior to Chubb, he previously
held positions as an M&A and Private Equity attorney both
in-house at Focus Financial Partners, a middle-market financial
services firm, and as an associate at the law firm Vinson &
Elkins LLP. He received his undergraduate degree from
Boston College and his J.D. from
Duke University School of
Law.
Before joining XL Catlin Mr. Laws spent over five years at
Kirkland & Ellis LLP, where he advised private equity funds, as
well as public and private companies related to mergers,
acquisitions, leveraged finance, equity investment, joint venture
and other commercial transactions and he most recently spent nearly
3 years at DLA Piper LLP, where he continued to develop his M&A
practice and also acted as underwriter's counsel for several
representations and warranties insurers. He received his
undergraduate degree from the Wharton School of the University of Pennsylvania and his J.D. from
Georgetown University Law
Center.
About XL Catlin Insurance Operations
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 ltd.'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-adds-to-north-american-division-of-global-mergers-and-acquisitions-insurance-team-300376670.html
SOURCE XL Catlin