Beazley hires XL Catlin exec as head of specialty lines for LatAm

Specialist insurer Beazley has appointed Najib Bousakr to spearhead the growth of its specialty lines business in Latin America.

Bousakr most recently held the position of LatAm regional manager for the international financial lines division of XL Catlin in São Paulo, Brazil. He joins Beazley with 17 years of experience of financial lines insurance in underwriting and broking capacities.

In his new role, Bousakr will be tasked to underwrite coverage and promote the development of the company’s specialty lines portfolio in the region. Reporting to the head of international financial lines Gerard Bloom, Bousakr will be based in the company's Miami office.

Bloom said: "Najib is a seasoned underwriter with extensive experience of Latin American markets who is well equipped to lead the development of our business in the region, where we see promising growth opportunities.

"In the months ahead we will continue to invest in the talented underwriters and claims professionals to capitalize on these opportunities by delivering well designed products and excellent service to brokers and clients across Latin America."

Bousakr added: "I am delighted to be joining Beazley. As a key player in the Lloyd’s market, the company has an excellent reputation in Latin America. I look forward to leveraging this, and the expertise of our team, to build a strong local presence for Beazley in the region."

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