XL strengthens fine art and specie team in Asia

XL Group has announced it will reinforce its fine art and specie team in Asia with the transfer of senior underwriter, Paul Le Boutillier, from London to its Singapore office.

XL’s insurance operation has had a fine arts and specie team in Asia since 2008 led by David Scully.

The addition of Le Boutillier, who has 25 years’ insurance market experience, brings the team based in Asia to seven. The transfer boosts XL’s ability to serve the needs of clients in the fields of: art, jewellery, mining, precious metals, luxury brands and cash management throughout MENA, Asia and Australia.

Over the last decade, economic prosperity in Asia has fuelled the jewellery, precious metal and arts markets. Increasingly, such assets have been viewed as desirable and viable investments.

Commenting on the transfer, Graham Hawkins, XL Group’s global chief underwriting officer for fine art & specie, says: "Paul is one of the most experienced fine art and specie underwriters in the market today. His background in both broking and underwriting makes him a great addition to the team and further strengthens our abilities to meet the needs of our customers in Asia".

Le Boutillier, who has previously spent six years living and working in Asia Pacific, will be based in Singapore from 1st November 2014.