XL Catlin appoints E&S binding and brokerage head

Re/insurer XL Catlin has appointed Karl Fischbach as head of binding authority and brokerage for its excess and surplus (E&S) insurance operation.

Fischbach will assume the new responsibility in addition to continuing in his role as wholesale broker, programs and binding relationship leader, reporting to Robert Peretti, SVP and head of broker and client management for North America.

In his newly added role, Fischbach will focus on aligning the company's E&S underwriting and products with its distribution strategies, reporting to the president of E&S lines Stephen Oh.

Fischbach joined Catlin in 2014 (prior to its integration with XL Group in 2015) to head up US insurance distribution. Before that, he worked at QBE where his responsibilities included product and regional portfolio management, strategic initiatives and distribution management.

"Karl’s broad industry experiences have given him an appreciation and skill for finding insurance market efficiencies," said Oh. "We’re excited to tap into Karl’s experience and commitment as we look to drive greater efficiency and innovation across our multiple E&S products and distribution models."

Peretti added: "Karl’s strong working relationships with our wholesaler brokers, general agents and program managers, along with his understanding of our underwriting process and products puts in a unique position to enhance delivery of our E&S products."

"Karl’s willingness to assume these new responsibilities, while continuing in his role on our broker and client management team, offer us a great opportunity to listen to our business partners and shape our delivery of E&S product offering."

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