XL Insurance has announced the extension of its Nordic Region team, which offers insurance solutions to upper middle market companies. An underwriting team, based in Stockholm, will serve companies with a revenue of approximately EUR 30 million to approximately EUR 300 million. The Upper Middle Market team will focus on offering property and casualty policies, with a capability to provide a combined solution, if required.
As a result of the extended offering, XL Insurance has hired two new underwriters:
– Jan Jonassen, Manager, IPC Middle Market, brings almost 15 years of experience in liability broking and underwriting and rejoins from Chartis.
– Anthony Herring, Property Underwriter, joins from FM Global where he spent the past 4 years as underwriter.
Peter Wullimann, XL Insurance’s General Manager for the Nordic Region, said: “Middle Market companies form an important part of the Nordic economy. As they grow, they find themselves facing new and complex risks”.
“Having earned trust in the market place primarily serving large multinational companies, I am very pleased that we can now offer our capabilities and strengths to a new segment of clients. With our service commitment, underwriting expertise and global network we can support these companies both in their domestic markets and internationally. Our entry into this segment is an important element of XL Insurance’s growth strategy in the Nordic Region.” Added Mr Wullimann.
Daniel Maurer, Chief Underwriting Officer, International P&C Middle Markets, responsible for implementing this initiative, commented: “Our dedicated Upper Middle Market underwriting team will offer comprehensive property and casualty policies from a wide range of sectors.”
With XL WorldPass we can also provide a Global Program solution with coverage in more than 100 countries, helping clients to respond to tighter and more complex local regulatory frameworks as they look to expand abroad.”
Source : XL Insurance