XL Re to Change Latin America Management, Underwriting Structure

XL Re, the global reinsurance operations of XL Capital Ltd., announced changes in the management and underwriting structure of its Latin America operations, effective immediately.

The operations continue to be led by Stephen Outerbridge, Chief Underwriting Officer and Chief Operating Officer of XL Re Latin America Ltd (XLRLA). Outerbridge is also COO of Brazil and interim President.

Hernán Moreno has been appointed Regional Chief Underwriting Officer. He is currently based in Sao Paulo, Brazil, and will relocate to Bogota, Colombia next year, where he will also take up the position of Country Manager. In his new position as Regional CUO, Moreno will closely be involved with XLRLA’s Brazilian operation.

Also in Brazil, XLRLA Technical Commercial Director Edson Wiggers has been promoted to Vice President in charge of business development and underwriting operations, reporting directly to Outerbridge and Moreno.

In Argentina, Leandro Di Bello remains as Country Manager and head of XLRLA’s facultative underwriting team covering Brazil. He has taken on additional duties as Chief Client Officer, coordinating marketing efforts in the Latin America region with a special focus on Brazil.

James H. Veghte, Chief Executive of XL’s Reinsurance Operations, explained: “This new management and underwriting structure will ensure that XL Re continues to provide clients in Latin America with the high level of service that they have come to expect from us. It is a testimony to the depth of talent and experience within the organization.”

Outerbridge added: “We have a very strong team dedicated to the Latin America market and we look forward to building on the relationships that we have developed over the years in this region.”

Source: XL Re – www.xlre.com or www.xlcapital.com