Reports in London’s insurance trade press, led by the Insurance Insider, have detailed a number of prospective management changes to take place when XL’s acquisition of Catlin is finalized, probably before the end of the second quarter of 2015.
Although neither company has released any list of the changes, the reports have not been denied.
The managerial shake-up reflects a new structure for the combined companies with the appointment of four “regional” CEOs and four “segmental” CEOs.
The Insurance Insider reported that Andrew McMellin – currently CEO of Catlin US – will take over as CEO of UK insurance operations. Ralf Tillenburg, currently overseeing Catlin’s European operations, will become responsible for Europe, the Middle East and African regions.
Joe Tocco, who currently heads XL’s North American P&C operations, will take over as CEO for the Americas. Craig Langham, currently XL’s regional manager for Asia Pacific, will assume a similar position with the enlarged company.
The regional CEOs will report to Kelly Lyles, who is in line to be named as chief regional officer for insurance.
In the segmental area, where underwriting responsibility has been divided evenly between Catlin and XL managers, Jason Harris, XL’s present CEO of international P&C, will become the CEO for casualty operations. Catlin’s current underwriting director, Doug Howat, will assume responsibility for the energy, property and construction segment.
Catlin’s current head of casualty insurance, Dan Kumpf, is in line to head the “professional” segment, and Neil Robertson, who heads XL’s global specialty insurance lines will become CEO of specialty business after the deal closes.
The four segmental CEOs will report to Paul Brand, who has been announced as the chief underwriting officer for insurance and the chairman of the group’s insurance committee.
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