XL Catlin’s insurance operations announced today that Tim Powell has been promoted to Chief Underwriting Officer for International Financial Lines (IFL) effective March 1.
Mr. Powell will be responsible for the underwriting performance of XL Catlin’s Financial Lines portfolio in all geographies outside North America. He will also develop and implement the overall strategic objectives for this important line-of-business, and oversee the development of innovative new products and services to best meet changing client needs.
Mr. Powell will be based in London from May 1 and report to Jason Harris, Chief Executive, International - Insurance. He will also join XL Catlin’s International Leadership Team.
Mr. Harris commented: “Tim has effectively managed large, diverse portfolios and has in-depth experience with the different distribution channels. I’m confident that Tim’s technical expertise, strategic perspective and inclusive leadership style will be instrumental as we continue to strengthen our position as a leading IFL market.”
Mr. Powell joined Catlin Australia in 2009 after working at Allianz, AIG and Sedgwick. At XL Catlin, he was responsible for building the Financial & Professional Risks portfolio in Australia, as well as the underwriting infrastructure. He is currently XL Catlin’s IFL Product Group Leader for Asia-Pac where he leads a team of FL Underwriters in Australia, Singapore, Hong Kong, and Shanghai.
Mr. Harris also noted, “Once again, the fact that XL Catlin was able to fill this position internally is a testament to our ongoing efforts to develop our people and provide opportunities for advancement.”
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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.
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