XL Insurance, the global insurance operations of XL Group, today announced the extension of its business in Australia offering insurance solutions to Middle Market companies.
A dedicated XL Insurance underwriting team, based in Sydney and a newly-opened Melbourne office, will serve companies with revenues of approximately AUD 50 million and above. The Middle Market team will focus on offering property and casualty policies, with a capability to offer a combined solution, if required.
As a result of the extended offering, XL Insurance has hired three new underwriters:
– James Shilling, senior property underwriter, has 17 years of experience and joins from Chartis
– Dale Graf, senior property underwriter has 20 years of experience and previously worked at Vero
– Ben Patrick, senior casualty underwriter, has 11 years of experience and joins from Chubb.
James Shilling will be based in Sydney and Dale Graf and Ben Patrick in the new Melbourne office.
Craig Langham, Australian Country Manager for XL Insurance, said: “Middle Market companies form an important part of the Australian economy. As they grow at home or abroad they find themselves facing new and complex risks. With our local offices, underwriting expertise and global network we can support these companies in Australia and internationally. Our entry into this segment is an important element of XL Insurance’s growth strategy in Australia.”
Stephan Bachmann, Chief Property Underwriter Middle Market at XL Insurance, responsible for implementing this initiative, commented: “Our dedicated Middle Market underwriting team will offer comprehensive property and casualty policies to 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 overseas.”
Source : XL Insurance Press Release