XL Launches Unit Dedicated to Reinsurance in Emerging Global Markets

XL Group announced that it is expanding its reinsurance operations with the creation of
a “dedicated Reinsurance Global Emerging Markets unit to optimize development in these markets.”

XL has named Philippe Rochaix, who was already in charge of its Latin American Reinsurance operations, to head the new unit. It will form part of XL’s newly-named International Reinsurance business group under the continued leadership of Business Group Leader and CEO of XL Re Europe, David Watson.

Marcus Gonzales and Bertrand Romagne, who manage XL’s UK and France reinsurance branches, respectively, will also join the International Reinsurance Group. Both men have extensive years of experience in the reinsurance industry, including emerging markets.

Watson has led XL’s European, Asia Pacific and Middle East & North Africa (MENA) operations since 2006. Before that he was General Manager of XL’s London Reinsurance operations.

Prior to leading XL’s Latin America Reinsurance operations, Rochaix served as General Manager of XL’s Reinsurance French branch and he also served as Chief Underwriting Officer of XL’s Reinsurance branch in Singapore.

James H. Veghte Chief Executive of XL’s Reinsurance Operations commented: “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.”

Source: XL Group plc

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