XL Catlin Restructures South Europe Insurance Operations; Managers Appointed

March 16, 2016

XL Catlin’s insurance segment announced that it has restructured its Southern Europe operations to include France alongside Italy and Iberia.

Southern Europe is led by Regional Manager Bruno Laval, who takes on an additional role as country manager, France. XL Catlin also announced the promotion of Simona Fumagalli to country manager, Italy, and of José Ramón Morales to country manager, Iberia. All appointments are effective immediately.

A French national who started his career with AXA, Laval has over 24 years’ experience in the insurance industry. He joined XL in 2001 and established the company’s successful presence in Iberia. As regional manager, Iberia and Latin America, from 2010, he built up the insurance operations in Brazil and Mexico to serve that region.

He was appointed XL Catlin’s regional manager, Southern Europe and Latin America, in 2015. In his dual role as country manager, France, he succeeds Kadidja Sinz, who is leaving XL Catlin by mutual agreement.

Simona Fumagalli joined XL in 2014 from Zurich Insurance as chief underwriting officer, Professional Indemnity, within International Financial Lines. She is retaining this position in addition to her new role. Previously in her career she held underwriting management roles at ACE and Marsh. As country manager, Italy, she succeeds Maurizio Castelli, who stepped down from the position and has left the company.

José Ramón Morales joined XL in 2012 as Iberia Client & Distribution leader. In 2014 he was promoted to deputy country manager, Iberia. Prior to joining XL he was with AXA, where he was head of commercial lines, responsible for the Mediterranean – Latin American region. Before that he held different management and underwriting roles with QBE Insurance, Aon Re and Gen Re.

“Bruno Laval has an excellent track record of building and developing successful businesses within our group,” commented Kelly Lyles, chief regional officer and deputy chair of XL Catlin’s insurance leadership team. “That’s why we’re confident in his ability to lead the expanded region of Southern Europe while also directly managing our important operation in France, with about 120 insurance colleagues based in Paris and Lyon,” Lyles added.

Commenting on Fumagalli’s and Morales’ appointments, Ralf Tillenburg, the insurance segment’s chief executive EMEA, said: “Both Simona and José Ramón bring to their new roles an in-depth knowledge of the markets they serve combined with an energetic management style. Under their leadership, I expect to see our Italy and Iberia operations continue on a strong trajectory, delivering relevant products and services to our clients and brokers.”

Source: XL Catlin

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