XL Names Ribotta to New Global Distribution Post

The XL Group plc announced the appointment of Paolo Ribotta as Head of Global Distribution, a newly-created post. He will be responsible for the performance, direction, growth and support of XL’s global network, and will report to XL’s Chief Executive of Insurance Operations David Duclos. He will also be working “closely with XL Insurance’s four business Chief Executives as a fellow member of the XL Insurance Executive Board.” He will be based in XL’s London office.

Ribotta joins XL from Zurich Financial Services, where he has served as CEO, France since 2004. Prior to that he was CEO, Italy for Zurich Global Corporate from 2001 to 2004, and was appointed a Member of the European Board of Zurich’s corporate business in 2002. He is member of the World Economic Forum Young Global Leaders group. Previously he worked for UAP International where he started as an International Underwriter trainee. Ribotta holds a degree in Economics from LUISS University of Rome.

XL said his major duties will “entail collaboration with business leaders across the entire XL enterprise to ensure effective broker and client relationship management as well as network management, which includes managing new fronting partner relationships.

“He will also be directly engaged in facilitating entry into new markets for XL’s Insurance and Reinsurance segments, as well as supporting development of underserved markets in which XL believes further opportunities exist.”

Duclos commented: “The creation of this new role will allow XL to further enhance our market presence and leverage our strong global network and relationships with brokers and clients. Given Paolo’s extensive industry knowledge and experience, especially in international markets, we are delighted to have him join XL and lead this significant strategic effort.”

Source: XL Insurance