XL Catlin has promoted Melissa McDermott to head of pricing for its global lines business.
In her new role, Ms. McDermott will be responsible for driving portfolio and technical excellence across the global lines portfolio. As part of this role, she will sit on the pricing leadership team as well as the global lines leadership team, XL Catlin said in a statement.
Commenting, Paul Shedden, chief executive for insurance pricing and analytics, said, "Melissa has built up considerable experience and shown impressive leadership qualities throughout her time at XL Catlin. She has consistently demonstrated the skills and appetite required for driving positive change and this will stand her in good stead in her new role. I am delighted that Melissa continues to advance her career with us."
Doug Howat, chief executive of global lines at XL Catlin, added, "Our global lines portfolio encompasses an incredibly diverse range of risks, covering fine art and specie; political risk and credit and bond; energy; accident and health; aviation; marine; and crisis management. Having someone with Melissa's experience will stand us in good stead as we further develop our global lines offering."
Ms. McDermott has 20 years of both reserving and insurance pricing experience, and joined XL Catlin seven years ago in actuarial financial reporting. She later became head of pricing for global risk management, and most recently deputy head of pricing for the North America business group.
Learn more: xlcatlin.com.