MEXICO CITY, MEXICO – September 25, 2014 – The performance of Latin America’s multinationals is a decisive driver of the region’s economic growth and success. Mexico’s large and mid-sized corporates are also flourishing and becoming ever more sophisticated. To better provide these companies with the right insurance solutions for their complex business risk, XL Group has appointed Lourdes Valencia as Senior Casualty Underwriter of its insurance operation in Mexico. Ms. Valencia is based in Mexico City and reports into Javier Morales, Underwriting Manager Large Corporates Iberia & Latin America, International Casualty.
Javier Morales commented: “XL Group is a leading global provider of casualty risk solutions. I’m delighted to have Lourdes join our team in Mexico. Her in-depth knowledge of both the Mexican and Latin American reinsurance and insurance markets combined with outstanding technical and commercial skills makes her the perfect match for this demanding role.”
Alvaro Salamanca, Country Manager of XL Group’s insurance operation in Mexico, added: “Mexico’s economy is prospering and its large and multinational corporations are ready to stake a greater claim in the global economy. Having a global, experienced insurer on their side with strong risk management capabilities as well as local market know-how is critical to helping these companies get ahead. I’m pleased to count on a talented insurance professional like Lourdes, who can help cover our clients’ complex risks. Adding expertise to our Casualty team places us in an even better position to respond to our customers’ expectations with personal attention, service, innovation and tailored products.”
Ms. Valencia joins XL Group bringing 7 years of insurance and reinsurance experience gained at Munich Re, Zurich Insurance Company, and in the legal sector. Most recently Ms. Valencia was Casualty Consultant for Treaties and Facultative Reinsurance at Munich Re in Mexico. She holds a bachelor’s Law degree, a Diploma in Technical Insurance Underwriting and a Diploma in Contract Law from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM).
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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