XL opens Global Emerging Markets unit

XL Group has created a reinsurance Global Emerging Markets unit, which aims to optimise development.

The unit, which will form part of XL’s International Reinsurance business group, will be led by Philippe Rochaix, who heads the Latin America reinsurance operations.

Under the continued leadership of business group leader and chief executive officer of XL Re Europe, David Watson, the group will also include Marcus Gonzales and Bertrand Romagne, who manage XL’s UK and France reinsurance branches, respectively.

“XL has had a strong presence in Latin America and Asia for many years,” said James Veghte, chief executive of XL’s reinsurance operations. “The establishment of a dedicated reinsurance global emerging markets unit underscores the increasing importance of these markets and our commitment to serving them. Both David and Philippe have the knowledge and experience to ensure that XL continues to meet the growing needs of emerging markets to the highest standards.”

Watson and Rochaix have extensive experience in the reinsurance industry, including emerging markets. Prior to his current role, Watson led XL’s European MENA operations. Before that he was general manager of XL’s London reinsurance operations.

Prior to leading XL’s Latin America reinsurance operations, Rochaix served as general manager of XL’s reinsurance French branch and he also served as chief underwriting officer of XL’s reinsurance branch in Singapore.