XL poaches AIG exec to boost captives

XL Group has strengthened its captive insurance solutions with the appointment of Matthew Latham as head of captive programmes.

Latham will be based in London and will report to Gavin Bruce-Smythe, chief underwriting officer, international property & casualty. He joins from AIG.

He will initially focus on UK and Continental Europe, providing a focal point for all captive insurance arrangements.

Latham joins XL Group from AIG where he spent nine years, most recently leading the UK client management team looking after AIG’s largest UK clients. Before that he headed the alternative risk financing team, which focused on underwriting solutions to risks that were new or difficult to insure, often in conjunction with a client’s captive. Prior to AIG, he held roles at ACE and Willis.

Jason Harris, chief executive, international property & casualty at XL Group, said: “The risk landscape is changing and captive owners are looking at more innovative ways of using these vehicles in response to new and evolving risks.

“A dedicated expert resource focusing on captive programmes will ensure clients and brokers get the best possible captive-related solutions and services from XL.”

Bruce-Smythe added: “Changes in the captives’ space and the forthcoming implementation of Solvency II, means that Matt’s extensive experience combined with XL’s strong global network and expertise in multinational servicing will ensure that we are providing the most relevant solutions to clients.”