Mr. Dick has extensive experience in the Middle Eastern insurance and reinsurance market, most recently as CEO of Q-Re, the international reinsurance operation of Qatar Insurance Company (QIC). His previous roles included Executive Vice President, International Underwriting at QIC and Deputy Syndicate underwriter at Syndicate 1243 at Lloyd’s.
David Watson, CEO of XL Re Europe commented: “The Middle East is experiencing tremendous infrastructure growth and continued expansion of its financial services industry. Dermot has a proven track record of running a successful reinsurance operation in the region. We see this as an important future growth area for XL Re in the medium to long term, and one which is best served by a dedicated underwriting team.”
Mr. Dick added: "The tremendous depth of talent and expertise within XL Re Europe, coupled with its excellent technical knowledge and global capacity, made joining the team an easy decision for me. I look forward to developing our business in the region and offering our clients a solid partnership over many years to come."
About XL Re
XL Re is the global brand used by XL Group plc’s reinsurance operations. The XL Re companies have more than 400 employees in 11 countries. More information about XL Re companies is available at www.xlre.com. XL Group plc, 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 on a worldwide basis. More information about XL Group is available at www.xlgroup.com