XL Group has announced that it has appointed Louise Dennerstahl to head up its International Professional insurance business, which covers the markets in Europe, Asia Pacific and Latin America. Starting with XL Group today, she is based in London, UK, reporting to Bernard Horovitz, Chief Executive of XL Group’s Global Professional business.
Commenting on the appointment, Bernard Horovitz said: "Over her career Louise has driven the evolution of Financial lines products. She has seen firsthand how the risks have evolved and has responded with innovative solutions. She has a great knowledge of the international market beyond Europe, having successfully led development into the Middle East, Asia Pacific and Latin America in her previous roles. This experience, gained over two decades in the insurance market, combined with her proven talent, positions her ideally to lead our International Professional business."
Clients seeking insurance coverage in the Professional lines space today operate in a world where their businesses are rapidly evolving in order to keep up with the uncertain economic times and the changing legal and regulatory environment. Additionally, greater reliance on IT infrastructure for services and distribution has meant that data and cyber liabilities have been heightened to a new and unprecedented level.
Mr. Horovitz concluded: "These businesses are looking to the insurance market to provide answers to these new risks. Our role as leaders in risk is to be bold and guide our clients by providing innovative and relevant products. Louise has been appointed because we strongly believe she can add to XL Group’s existing capabilities and deliver on this commitment."
Ms Dennerstahl joins XL Group from Zurich Insurance plc, where she held the position of CEO for the Nordic region. She holds a L.L.M. (Master of Law) from the University of Stockholm, Sweden.
About XL Group plc’s Insurance Operations
XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance.
About XL Group plc
XL Group plc (NYSE:XL), 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. To learn more, visit xlgroup.com
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