Commenting Bruno Laval, XL Catlin’s Regional Manager for Southern Europe and Latin America, said: “We set up our insurance operations in Iberia in 2001 with a strategy of providing dedicated underwriting solutions to large corporate clients. In 2009, we entered the middle market segment and in 2010 we opened our Barcelona office. Additionally, at that time, we expanded our operations to take on the responsibility for Latin America from Iberia – these decisions all reflected the success of our local team and evolution of our business.”
José Ramon Morales, newly promoted Country Manager Iberia, added: “Despite challenging market conditions in Iberia, we have established ourselves as an important business partner for our clients by providing a broad range of global Casualty, Property, Professional and Specialty insurance solutions. Recently, we have achieved – and actually by far exceeded – the threshold of 100M EUR Gross Written Premiums. This was made possible by strong collaboration with our clients and brokers, many of whom we have worked with since 2001.”
Today XL Catlin has a staff of 75 across the Madrid and Barcelona offices, including 25 underwriters.
Mr. Morales concluded: “This year presents a great opportunity to reflect on our development in Iberia, while also of course remaining focused on the future; other industries, particularly those in the field of technology and manufacturing have evolved, changing their products, operating models and importantly for us, their risk profile. Keeping up with the pace of change is a huge challenge for the insurance industry – we will continue to work hard to come up with new, innovative solutions and ways of working to respond to the changing risk landscape of our clients whom we look forward to continue working together.”
Ralf Tillenburg, Chief Executive EMEA of XL Catlin’s insurance operations, commented: “Our Iberia operation is a significant contributor to the success of XL Catlin; it was one of our best performing markets last year. I’m confident that José Ramón and his team will do a great job in continuing to grow our business and successfully serving the needs of our clients in the region.”
About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group plc’s (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.