XL Catlin’s insurance operations today announced it has promoted Melissa McDermott to Head of Pricing for Global Lines.
In her new role, Ms. McDermott will be responsible for driving portfolio and technical excellence across the Global Lines portfolio. As part of this role, she will sit on the pricing leadership team as well as the Global Lines leadership team.
Commenting, Paul Shedden, Chief Executive Insurance Pricing & Analytics, said: “Melissa has built up considerable experience and shown impressive leadership qualities throughout her time at XL Catlin. She has consistently demonstrated the skills and appetite required for driving positive change and this will stand her in good stead in her new role. I am delighted that Mellissa continues to advance her career with us.”
Doug Howat, Chief Executive Global Lines, added: “Our global lines portfolio encompasses an incredibly diverse range of risks, covering fine art & specie; political risk & credit and bond; energy; accident & health; aviation; marine; and crisis management. Having someone with Melissa’s experience will stand us in good stead as we further develop our global lines offering.”
Ms. McDermott has 20 years of both reserving and insurance pricing experience, and joined XL Catlin seven years ago in actuarial financial reporting. She later became Head of Pricing for Global Risk Management, and most recently Deputy Head of Pricing for the North America Business Group.
About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd’s (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.