XL Catlin names senior underwriter for Asia Pacific

XL Catlin’s insurance operations has appointed Bonnie Chow as senior underwriter, political risk and trade credit for Asia Pacific, to be based in Sydney.

Chow has over 20 years of experience in the insurance and banking industries, having most recently served as senior underwriter, credit and political risk for Zurich Financial Services.

Prior to this, she served as senior manager of credit and political risk for Atradius Credit Insurance.

Mark Houghton, Regional Head of Political Risk and Trade Credit insurance for Asia Pacific said: “We’re delighted to welcome Bonnie to the team. She brings with her a wealth of experience and technical expertise which will further strengthen our offering at a time when demand for coverage is on the rise across Asia Pacific.”

Craig Langham, chief executive, Asia Pacific, added: “The increasing pace of globalisation has accelerated the interplay between geopolitics and economics. According to the Global Risks report published last year by the World Economic Forum, it is the first time in the report’s 10-year history that geopolitical risks are the foremost concerns for many organisations. These risks include interstate conflict, failure of national governance and state collapse or crisis.

“As more of our clients seek out opportunities in emerging markets, we’re seeing a greater demand from clients to protect their investments and manage their geopolitical risk. Bonnie’s appointment underscores XL Catlin’s commitment to delivering vital trade credit and political risk coverages to better serve our clients’ evolving needs in the region.”