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XL Group Creates Global Emerging Markets Unit Within Reinsurance Operations

Stocks in this article: XLXLG

DUBLIN, Ireland, June 3, 2013 /PRNewswire/ -- XL Group today announced the creation of a dedicated Reinsurance Global Emerging Markets unit to optimize development in these markets.

The unit will be led by Philippe Rochaix, who was already in charge of the Latin America Reinsurance operations. It will form part of XL's newly-named International Reinsurance business group under the continued leadership of Business Group Leader and Chief Executive Officer of XL Re Europe, David Watson. Joining them in leading the International Reinsurance group are Marcus Gonzales and Bertrand Romagne, who manage XL's UK and France reinsurance branches, respectively.

Both Mr. Watson and Mr. Rochaix have extensive years of experience in the reinsurance industry, including emerging markets.

Prior to his current role, Mr. Watson 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, Mr. 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.

Commenting on the changes, Chief Executive of XL's Reinsurance Operations James H. Veghte said: "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."

About XL Group plc's Reinsurance Operations

XL Group plc's reinsurance companies are among the world's leading reinsurers.  They offer products that include aerospace, property, casualty, marine and specialty. The world's top insurers choose XL to help move their businesses forward. To learn more, visit xlgroup.com/reinsurance .

About XL Group plc

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4 th Floor, Dublin 2, Ireland. To learn more, visit www.xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries.

SOURCE XL Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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