23 May 2017Insurance

XL Catlin taps Zurich exec to lead North America unit

Re/insurer XL Catlin has appointed Steven Bauman as head of global programmes and captive practice in North America.

Bauman will be based in New York, and report to XL Catlin's global head of captive programmes Matthew Latham, and also Bob Peretti, the head of client and broker management in North America.

Bauman joins XL Catlin from Zurich Insurance Group where he most recently served as head of captive services. Prior to his recent tenure at Zurich North America, he worked for Aon and before that at XL Catlin, managing its New York underwriting hub.

In his new role, besides overseeing the growth and development of XL Catlin’s global insurance programmes and captive business in North America, Bauman will provide technical support across business lines in structuring global captive programs; ensure global programs comply and follow best practices; and work with XL Catlin clients and broking partners to develop new and innovative captive products.

Latham commented: "New business risks continue to emerge and regulatory issues are growing more complicated globally. That is why we’re committed to build out our global programmes and captive expertise with top industry talent like Steven, whose extensive experience will ensure our clients and brokers get the best possible captive-related solutions that address their risks now and in the future.”

Peretti added: "With Steven’s extensive market knowledge, and XL Catlin’s broad risk appetite and service excellence, we will accelerate delivering our best in class global programmes solutions to North American based multinational companies."

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