XL Insurance will expand its Middle Market offering to companies in the United Kingdom with a turnover between £25 and £250 million. Writing business on XL Insurance Company Ltd paper with a new team, this complements the UK Middle Market operation launched in 2008 writing business through XL Insurance’s Lloyd’s platform.
As many UK regional companies with a turnover between £25 and £250 million export and/or expand abroad, they face new risks in markets with different legal and compliance systems. At the same time, they seek the benefit of packaged solutions that efficiently combine different risk coverages. To respond to these needs, the new Middle Market team will provide access to both local expertise and to XL Insurance’s global network to provide international coverage if required.
Extending XL Insurance’s middle market team, Chris Oatten has been appointed Senior Property Underwriter Middle Markets and Julie Knight, Senior Casualty Underwriter, Middle Markets. Since the launch of its UK Middle Market operations in 2008 the unit has opened offices in Newcastle, Birmingham and Dublin.
Denis Burniston, Chief Underwriting Officer UK Middle Markets, said: “I am delighted to welcome both Chris and Julie to our Middle Market team. Their appointments will allow us to provide property and casualty solutions to a new client segment and continue our business growth in this area. Their in-depth underwriting experience will allow us to meet the specific needs of clients and brokers in this interesting segment.”
Chris has over 20 years of experience in both underwriting and relationship management and joins XL Insurance from AXA. He will focus on developing the Middle Market Property book across a variety of trades and utilising both existing and new broker relationships.
Julie has a strong background in global casualty with over 20 years extensive underwriting experience in the London Market. Julie spent the last ten years with Zurich, where she managed their Global Casualty Accounts.
Source : XL Insurance
