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XL Group strengthens Financial Institutions insurance capabilities in Latin America

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SAO PAULO, BRAZIL – August 18, 2014 – Responding to the growing need of companies operating in the region’s financial sector for insurance protection, XL Group is strengthening its Financial Lines offering in Latin America with the move of Najib Bousakr, Financial Institutions Manager, to Brazil. Mr. Bousakr has served Latin American clients out of XL Group’s London office over the past four years and has now moved to Sao Paulo. He will continue to report into Gerard Bloom, XL Group’s Chief Underwriting Officer Financial Institutions, based in London, UK.

Gerard Bloom commented: “As financial institutions face challenging economic and regulatory conditions, they look for a strong insurance partner who understands their business and can provide solutions that add long-term value to their business. With Najib’s move to Brazil, we’ll have his in-depth knowledge and long-term experience in this segment close to our clients and brokers in Latin America”.

Bruno Laval, Regional Manager Iberia and Latin America of XL Group’s insurance operation, added: “Najib’s expertise will be of great value not only to our clients and brokers, but also to the entire Financial Lines team in our region. His move to Sao Paulo underscores the potential of Latin America’s Financial Lines market as well as XL’s commitment to the important Brazilian market.”

Mr. Bousakr has 15 years of experience working with financial institutions. He holds a master’s degree in Management from the EM Lyon Business School in France.

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About XL’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, 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, Dublin 2, Ireland. To learn more, visit xlgroup.com.

XL Group is the global brand used by XL Group plc’s insurance subsidiaries.

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