XL Group creates Asia Pacific Insurance region headquartered in Singapore
SINGAPORE - April 03, 2013
XL Group has announced the restructuring of its insurance operations in Asia Pacific.
- XL Group is creating an Asia Pacific insurance region headquartered in Singapore, which will integrate its operations in Australia, Singapore, Labuan, Hong Kong and China.
- Hong Kong and China will form a Greater China sub-region aligning the management of its insurance operations in these territories.
XL Group is also putting a new management team in place: XL Group’s Craig Langham will lead the team for the Asia Pacific region, while maintaining his current responsibilities as Country Manager, Australia. Andrew Vigar will maintain his responsibility for Asia as Regional Manager.
Additionally, Philip Chan will lead XL Group’s Greater China region, maintaining his current responsibilities as Country Manager for Hong Kong. Al Xie remains CEO and General Manager of the Group’s Shanghai subsidiary.
Neil Robertson, Chief Executive, Specialty Insurance, XL Group said: “We recently conducted a review of our business in Asia to establish how we can best serve our existing and potential clients in the region.
“We identified that many of our global corporate clients are expanding their operations into Asia Pacific and that many domestic companies are also looking for insurance coverage for Property, Casualty, Professional and Specialty, as well as our newer products such as Political Risk, Crisis Management and Surety.
“I believe our new structure will allow us to meet all the insurance needs of our existing and potential clients in Asia Pacific. We have extensive experience of providing these products to companies around the globe and have a solid management team in place to deliver them.
Moving ahead, we are looking forward to working with our brokers and partners across the region.”
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. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin2, Ireland. To learn more, visit xlgroup.com
XL Group is the global brand used by XL Group plc’s insurance and reinsurance subsidiaries.