LONDON and NEW YORK, April 21, 2016 /PRNewswire/ -- XL Catlin today announced it has appointed Dan Riordan as President, Global Political Risk & Trade Credit (PRTC), reporting to Neil Robertson, XL Catlin's Chief Executive, Global Specialty, Insurance.
Commenting, Mr. Robertson said: "Dan is highly respected in the PRTC market. He brings a wealth of experience to this newly created role, which will see him take responsibility for the strategic leadership of the global PRTC business."
The appointment also marks a structural change at XL Catlin with PRTC becoming a separate underwriting unit, having previously been under the umbrella of Crisis Management, led by Stephan Ashwell. Joe Blenkinsopp will continue in his role as Global Chief Underwriting Officer reporting to Mr. Riordan.
Commenting further, Mr. Robertson said: "We have appointed Dan and made changes to our structure because we want to fully focus on developing our share of this significantly growing market. Global geopolitical tensions and economic uncertainty has led to an increase in demand and over time we will be looking to add further resources in our key underwriting regions to respond to this growth opportunity."
Mr. Riordan has held senior positions at Zurich between 1997 and 2015, most recently serving as CEO of Global Corporate in North America and previously as President of Specialty Products. He has had a long association with the Berne Union, holding the position of President between 2013 and 2015.
He joins XL Catlin on May 2nd, based in the US.
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About XL Catlin
XL Catlin is the global brand used by XL Group plc'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.
SOURCE XL Catlin