XL Group appoints Marcel Braun as Head of Professional Lines for Germany Austria and Eastern Europe
Munich, Germany - January 30, 2014
Responding to the growing needs of multinational companies for Professional coverage, XL Group has appointed Marcel Braun as Head of International Professional for Germany, Austria and Eastern Europe, effective February 1st, 2014. The appointment is part of XL Group’s drive to strengthen its Professional capabilities in this region. Mr. Braun will be based in Munich and report to Louise Dennerstahl, Head of XL Group’s International Professional unit.
Commenting on the appointment, Ms. Dennerstahl said, “Having a strong team is critical to responding with innovative, specific solutions to the needs of the sophisticated clients we find in Germany – and to the growing needs in this region. I’m delighted to count on Marcel’s more than 15 years’ experience in the industry, coupled with his entrepreneurial drive, to lead the strong team we’ve put together.”
Michael Harth, XL Group’s Country Manager Germany, commented, “Companies’ boards and senior leaders are becoming increasingly aware of the importance of having the right protection for personal liability exposures. Marcel’s extensive experience, his leadership skills and the breadth of expertise in our Professional Lines team will allow us to better cover a diverse range of risks with tailored products.”
Marcel Braun joins XL Group from Marsh GmbH, where he was a Member of the Management Board with responsibility for Germany’s Southern region. Before that Mr. Braun was almost 15 years with Allianz Global Corporate & Specialty, where he held different management roles in Financial Lines underwriting as well as account and market management. He holds an MBA in Finance and Economics from the University in Augsburg.
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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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