XL Insurance, the global insurance operations of XL Group plc, announced the appointment of Najib Bousakr as Financial Lines underwriter based in London.
Mr. Bousakr has 10 years’ of experience in the Financial Institutions insurance market, with a focus on Southern Europe, Latin America and the Middle East. Most recently he was Financial Lines underwriter at Munich Re, having previously worked as a broker at Willis and AON.
Gerard Bloom, Chief Underwriting Officer Financial Institutions at XL Insurance, said: “Since the beginning of the year we have built an experienced team of underwriters covering financial institutions in the UK and Continental Europe. With Najib’s appointment we are expanding to better meet the growing demand, especially from clients in Latin America and the Middle East.
“In this challenging economic climate we are seeing continued interest from hedge funds, asset managers, private equity firms, insurance companies and banks, who appreciate being served by a dedicated Financial Institutions underwriting team.”
Source : XL Press Release