NEW YORK, May 22, 2017 /PRNewswire/ -- XL Catlin is expanding its global insurance programs and captive business with the appointment of Steven Bauman as head of global programs and captive practice in North America, effective May 23. Mr. Bauman, who will be based in New York, reports to Matthew Latham, XL Catlin's global head of captive programs.
According to Mr. Latham, "New business risks continue to emerge and regulatory issues are growing more complicated globally. That is why we're committed to build out our global programs and captive expertise with top industry talent like Steven, whose extensive experience will ensure our clients and brokers get the best possible captive-related solutions that address their risks now and in the future."
In his new role with XL Catlin, Mr. Bauman will oversee the growth and development of XL Catlin's global insurance programs and captive business in North America. He will provide technical support across business lines in structuring global captive programs; ensure global programs are in compliance and following best practices; and work with XL Catlin clients and broking partners to develop new and innovative captive products.
Mr Bauman will also report to Bob Peretti, Head of Client and Broker Management in North America. Commenting on the appointment, Mr. Peretti said: "Steven has more than 25 years of experience serving clients and their captives and broad expertise of captive solutions in risk management. With Steven's extensive market knowledge, and XL Catlin's broad risk appetite and service excellence, we will accelerate delivering our best in class global program solutions to North American based multinational companies."
Mr. Bauman joins XL Catlin from Zurich Insurance Group where he most recently served as head of captive services. Prior to his recent tenure at Zurich North America, Mr. Bauman worked for Aon and before that at XL Catlin managing its New York underwriting hub. He is a graduate of Colgate University and holds a Master's from Stevens Institute of Technology.
XL Catlin offers global programs and captive fronting across a wide range of lines, including, general liability, workers compensation, property, business interruption, environmental, marine cargo and professional liability. XL Catlin and its Network Partners can provide insurance coverage in more than 215 countries.
About XL Catlin's 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 (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