XL Insurance, the global insurance operations of XL Group plc (NYSE: XL), today announced the appointment of Kevin Rajah as Underwriting Manager Professional Lines Asia, based in Singapore.
Mr. Rajah joins XL Insurance from ACE in Singapore, where as Professional Indemnity Manager he was responsible for building the Professional Indemnity business across Asia. He replaces Carsten Keune, who has been appointed Chief Underwriting Officer, Emerging Markets for Professional Lines.
Reporting to Mr. Keune, Mr. Rajah will be responsible for further developing XL Insurance’s Asian Professional Lines operation, including business written in and through the Malaysian Federal Territory of Labuan, where XL Insurance was recently granted a licence to conduct business.
Commenting on Mr. Rajah’s appointment, Mr. Keune said: “Our clients and brokers will benefit from Kevin’s extensive professional and regional market expertise as we continue to grow our Professional Lines offering throughout Asia. In order to provide seamless service Kevin and I will work closely together during the transition period over the coming months, before I relocate back to Europe.”
Bernard Horovitz, Chief Executive Global Professional, added: “As emerging markets, such as Asia, continue to grow economically we are seeing increasing demand for comprehensive and specialized risk transfer products. In his new role Carsten will provide strategic oversight over these important and expanding areas for Professional Lines insurance, to better meet the demands of these markets.”
Source : XL Insurance Press Release
