NEW YORK, March 21, 2017 /PRNewswire/ -- XL Catlin has
appointed Karl Fischbach as head of
Binding Authority and Brokerage for its Excess & Surplus
insurance operation. In his newly added role, Mr. Fischbach
will focus on aligning XL Catlin's E&S underwriting and
products with its distribution strategies, reporting to
Stephen Oh, President of Excess
& Surplus Lines for XL Catlin.
According to Mr. Oh, "Karl's broad industry experiences have
given him an appreciation and skill for finding insurance market
efficiencies. 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."
Mr. Fischbach assumes these new responsibilities in addition to
continuing in his role as Wholesale Broker, Programs and Binding
Relationship Leader, reporting to Robert
Peretti, SVP – Head of Broker & Client Management for
North America.
"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," said
Mr. Peretti. "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."
A seasoned 24-year (re)insurance professional, Mr. Fischbach
assumed broker management and business development responsibilities
for XL Catlin's Wholesale, Programs and Binding Authority
portfolios following Catlin Group's integration with XL Group in
2015. He joined Catlin in 2014 to head up US insurance
distribution. Prior to his tenure with XL Catlin, he worked
at QBE where his responsibilities included product and regional
portfolio management, strategic initiatives and distribution
management for several client segments and distribution channels
ranging from independent agent produced small commercial businesses
to multinational broker fortune 1,000 enterprises.
XL Catlin's Excess &Surplus Lines team serves challenging or
hard-to-place risks, providing a variety of non-admitted insurance
coverage -- casualty-excess, general liability, property-primary,
buffer, excess -- distributed exclusively through licensed,
appointed surplus lines wholesale brokers. XL Catlin also provides
multi-line insurance solutions for various industry segments
through program administrators.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd.'s
(NYSE:XL) insurance and reinsurance companies which provide
property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to
XL Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin