5 September 2017News

XL Catlin poaches Zurich Insurance executive for new captive centre

XL Catlin has announced that Owen Williams has joined the company’s London office as manager of its newly-formed Captive Centre of Excellence Manager.

“We have grown our captive business significantly over the past three years; establishing our Centre of Excellence allows us to continue to deliver outstanding service for existing clients while growing our portfolio,” said Matt Latham, XL Catlin’s head of captive programmes. “Owen’s stellar market experience ideally positions him to lead our Centre of Excellence and I am delighted to welcome him to the team.”

Williams will be based in London, where he will work with underwriters and XL Catlin’s captive clients globally to deliver the best-in-class fronting services clients have grown to expect from XL Catlin. He was formerly head of captive services in the UK for Zurich Insurance, where he worked for 11 years. He will report to Latham.

“In recent years there has been a steady trend for clients to expand the range of coverages written in their captives beyond standard property and casualty risks, to include emerging risks such as cyber or non-damage business interruption,” Latham added. “Strengthening our team and offering allows us to support these clients as they move forward.”

Williams has over 20 years’ experience in the insurance industry. Before he joined Zurich Insurance, he held a number of underwriting positions at RSA Insurance.