NEW YORK, March 21, 2017 /PRNewswire/ -- XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its Excess & Surplus insurance operation. In his newly added role, Mr. Fischbach will focus on aligning XL Catlin's E&S underwriting and products with its distribution strategies, reporting to Stephen Oh, President of Excess & Surplus Lines for XL Catlin.
According to Mr. Oh, "Karl's broad industry experiences have given him an appreciation and skill for finding insurance market efficiencies. We're excited to tap into Karl's experience and commitment as we look to drive greater efficiency and innovation across our multiple E&S products and distribution models."
Mr. Fischbach assumes these new responsibilities in addition to continuing in his role as Wholesale Broker, Programs and Binding Relationship Leader, reporting to Robert Peretti, SVP – Head of Broker & Client Management for North America.
"Karl's strong working relationships with our wholesaler brokers, general agents and program managers, along with his understanding of our underwriting process and products puts in a unique position to enhance delivery of our E&S products," said Mr. Peretti. "Karl's willingness to assume these new responsibilities, while continuing in his role on our Broker and Client Management team, offer us a great opportunity to listen to our business partners and shape our delivery of E&S product offering."
A seasoned 24-year (re)insurance professional, Mr. Fischbach assumed broker management and business development responsibilities for XL Catlin's Wholesale, Programs and Binding Authority portfolios following Catlin Group's integration with XL Group in 2015. He joined Catlin in 2014 to head up US insurance distribution. Prior to his tenure with XL Catlin, he worked at QBE where his responsibilities included product and regional portfolio management, strategic initiatives and distribution management for several client segments and distribution channels ranging from independent agent produced small commercial businesses to multinational broker fortune 1,000 enterprises.
XL Catlin's Excess &Surplus Lines team serves challenging or hard-to-place risks, providing a variety of non-admitted insurance coverage -- casualty-excess, general liability, property-primary, buffer, excess -- distributed exclusively through licensed, appointed surplus lines wholesale brokers. XL Catlin also provides multi-line insurance solutions for various industry segments through program administrators.
About XL Catlin 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.'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.
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SOURCE XL Catlin