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Steven Bauman

Steven helps clients and brokers to design global and captive programs focused on risk management. With more than 30 years of experience, he can help craft efficient, compliant programs involving any line of insurance coverage or outlying exposures.

Product Expertise

Geographic Focus

  • AmericasUnited States

Steven is our Head of Global Programs and Captive Practice, North America. He has more than 30 years of experience in corporate insurance and captive services. He returned to AXA XL after serving at Zurich Insurance as Head of Captive Programs and AON's Captive Services Group as a senior vice president. He served as New York Office & East Coast Marketing Manager for AXA XL (formally XL Winterthur International) from 1999 to 2005. Earlier, he worked at MARSH-NY as a senior vice president in the Global Services Group. He began his career in 1987 at American Risk Management, which was part of The Reiss Organization then Swiss Re.

His areas of expertise include P&C insurance and reinsurance, with an emphasis on captive programs for large national and multinational corporations that use various loss retention mechanisms, risk transfer and reinsurance products for various risk management concerns.

He serves with several professional organizations, including Vermont Captive Insurance Association as a member of the Board of Directors and on the Legislative Committee. He’s been a member of the Board of Directors for the International Center for Captive Insurance Education and has worked with US state governments on captive insurance issues. Steven holds a master’s degree in management from Stevens Institute of Technology and a Bachelor of Arts degree in economics and political science from Colgate University. He’s based in New York.

Recent Activities and Publications


  • Named to the Captive Review - Power 50 recognizing the most influencial professionals in the global captive insurance industry.
  • Captive Expert in the “Ask the Expert” on

Publications – Regularly interviewed and quoted in corporate insurance media outlets.

Presentations – Numerous


  • VCIA: (Vermont Captive Insurance Association) Member of Board of Directors.
  • ICCIE: (International Center for Captive Insurance Education) Former Member of Board of Directors.
  • University of Delaware: Program Coordinator & Visiting Professor of Captive Insurance Risk Management Certificate Program.

This expert profile is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Indemnity Company, Catlin Insurance Company, Inc., Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Insurance Company of New York Inc., XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A., T.H.E Insurance Company and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by Catlin Underwriting Agencies Limited and supported by XL corporate capital; coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. and Catlin Insurance Services, Inc. For a complete listing of the US companies and for more information about our Lloyd’s operations see our Legal Notices page.

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