XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines ("IFL") effective March 1.
In a statement, XL Catlin said that Mr. Powell will be responsible for the underwriting performance of XL Catlin's financial lines portfolio in all geographies outside North America. He also will develop and implement the overall strategic objectives for this line of business, and oversee the development of new products and services.
Mr. Powell will be based in London from May 1 and report to Jason Harris, chief executive, international – insurance. He also will join XL Catlin's international leadership team.
Mr. Harris commented: "Tim has effectively managed large, diverse portfolios and has in-depth experience with the different distribution channels. I'm confident that Tim's technical expertise, strategic perspective, and inclusive leadership style will be instrumental as we continue to strengthen our position as a leading IFL market."
Mr. Powell joined Catlin Australia in 2009 after working at Allianz, AIG, and Sedgwick. At XL Catlin, he was responsible for building the financial and professional risks portfolio in Australia, as well as the underwriting infrastructure. He is currently XL Catlin's IFL product group leader for Asia-Pac, where he leads a team of financial lines underwriters in Australia, Singapore, Hong Kong, and Shanghai.
Mr. Harris also noted, "Once again, the fact that XL Catlin was able to fill this position internally is a testament to our ongoing efforts to develop our people and provide opportunities for advancement."
Learn more: xlcatlin.com.