XL Group says it has created a dedicated Reinsurance Global Emerging Markets unit and appointed Philippe Rochaix to lead it.

“XL has had a strong presence in Latin America and Asia for many years,” says James H. Veghte, CEO of XL’s Reinsurance Operations, in a statement. “The establishment of a dedicated Reinsurance Global Emerging Markets unit underscores the increasing importance of these markets and our commitment to serving them.”

Rochaix had been in charge of the Dublin-based insurance group’s Latin America Reinsurance operations, which will now be part of XL’s newly-named International Reinsurance business group under the continued leadership of Business Group Leader and CEO of XL Re Europe, David Watson.

Joining them in leading the International Reinsurance group are Marcus Gonzales and Bertrand Romagne, who manage XL’s UK and France reinsurance branches, respectively, says XL

Watson and Rochaix have extensive years of experience in the reinsurance industry, including emerging markets.

Prior to his current role, Watson led XL’s European, Asia Pacific and Middle East & North Africa (MENA) operations since 2006. Before that he was General Manager of XL’s London 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.