5 June 2013News

XL creates global emerging markets unit

XL Group has created a dedicated reinsurance global emerging markets unit as it looks to develop opportunities in new and emerging geographies.

The unit is to be led by Philippe Rochaix, who already heads up Latin American reinsurance for XL and will form part of XL’s new international reinsurance business group headed by David Watson, CEO of XL Re Europe.

Commenting on the changes, James Veghte chief executive of XL’s reinsurance operations said: “XL has had a strong presence in Latin America and Asia for many years. The establishment of a dedicated reinsurance global emerging markets unit underscores the increasing importance of these markets and our commitment to serving them. Both David and Philippe have the knowledge and experience to ensure that XL continues to meet the growing needs of emerging markets to the highest standards.”