XL Catlin Opens 2nd Mexico Office; Matthey Named Client Distribution Leader

XL Catlin has opened a second office in Mexico, located in Monterrey, and appointed Carlos Matthey as client distribution leader in that location.

Monterrey is the capital of the state of Nuevo León, which has an economy comparable to that of the country of Chile. As Mexico’s most important industrial hub, it accounts for 10 percent of the country’s GDP, said XL Catlin in a statement.

Matthey is tasked with developing and managing relationships with regional and international clients and brokers operating in the northern region of the country.

With more than 15 years’ experience in the insurance industry, Matthey joins XL Catlin from Allianz where he served as regional director of the Monterrey branch office. He has previously held several positions at ING (now AXA), including special accounts manager for property, casualty, aviation and international programs, commercial P&C manager and commercial senior manager for auto and P&C lines, responsible for the company’s largest accounts in the region.

“Monterrey is one of the top five industrial hubs in Latin America and home to regional operations of some of the largest steel, cement, glass, auto parts and bottling companies in the world,” said Pablo Crain, country manager for XL Catlin’s insurance segment.

“Carlos has vast experience and deep understanding of the region; he will expand our footprint in the Monterrey market providing our existing and future clients and brokers with high quality service and the right insurance solution for their specific business needs,” Crain continued.

“The opening of our Monterrey office is evidence of XL Catlin’s commitment to bringing our global programs expertise closer to our local and international clients in Mexico and Latin America. The new office strengthens and builds on our growing capabilities to serve emerging markets,” commented Joe Tocco, chief executive of Insurance for the Americas.

XL Catlin’s insurance operations in Mexico date back to 2004 when the company opened its first office in Mexico City.

Source: XL Catlin