29 September 2014

XL lures Munich Re exec

XL Group has hired Lourdes Valencia from Munich Re as a senior casualty underwriter in its insurance operation in Mexico.

Valencia is based in Mexico City and reports to Javier Morales, underwriting manager large corporates Iberia & Latin America, international casualty.

She joins XL Group from Munich Re in Mexico where she held the position of casualty consultant for treaties and facultative reinsurance.

Morales said: “XL Group is a leading global provider of casualty risk solutions. I’m delighted to have Lourdes join our team in Mexico. Her in-depth knowledge of both the Mexican and Latin American reinsurance and insurance markets combined with outstanding technical and commercial skills makes her the perfect match for this demanding role.”

Alvaro Salamanca, country manager of XL Group’s insurance operation in Mexico, added: “Mexico’s economy is prospering and its large and multinational corporations are ready to stake a greater claim in the global economy. Having a global, experienced insurer on their side with strong risk management capabilities as well as local market know-how is critical to helping these companies get ahead.

“I’m pleased to count on a talented insurance professional like Lourdes, who can help cover our clients’ complex risks. Adding expertise to our casualty team places us in an even better position to respond to our customers’ expectations with personal attention, service, innovation and tailored products.”

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