XL Re Announces Appointment of Philippe Rochaix as Head of Latin America Operations

HAMILTON, Bermuda, Sept. 7 /PRNewswire-FirstCall/ -- XL Re, the global reinsurance operations of XL Group plc (NYSE: XL), today announced the appointment of Philippe Rochaix as the new President and Chief Operating Officer of XL Re Latin America Ltd. The appointment is effective October 1.

Mr. Rochaix, who is currently General Manager & Senior Vice President of XL Re Europe Limited's French Branch, is based in Le Mans, France. He will replace Stephen Outerbridge who will work closely with Mr. Rochaix during the transition period and will take on other responsibilities within XL's Reinsurance Operations. Bertrand Romagne, who managed XL Re's Property Treaty Department for Continental Europe, will assume Mr. Rochaix's responsibilities at XL Re Europe Limited as of October 1.

Mr. Rochaix has more than 20 years of experience in the (re)insurance industry, including more than 10 years in emerging markets. As General Manager of XL Re Europe Limited's French branch, he is responsible for the management and underwriting of the Property & Casualty Reinsurance Treaty book for Continental Europe, the Middle East and Africa. During his career at XL, Mr. Rochaix has also served as Chief Underwriting Officer of XL Re Singapore, which involved management and underwriting of Non-Life Reinsurance Treaties and Facultative business in Asia.

Prior to joining XL, Mr. Rochaix served from 1998 to 2002 as Managing Director of Le Mans Re's regional operations in Singapore, Sydney and Labuan. From 1996 to 1998 he served in various capacities at Le Blanc de Nicolay Singapore.

Commenting on the appointment and changes, James H. Veghte, Chief Executive of XL's Reinsurance Operations, said: "We are very pleased with Philippe's appointment to this position. He is a highly-respected leader with specific experience in emerging markets. This appointment demonstrates our continuing commitment to the Latin America market. I would also like to thank Stephen for his strong leadership over the last seven years and his ongoing involvement in the development of our global reinsurance operations. In addition, we are pleased to have a seasoned manager in Bertrand ready to assume Philippe's responsibilities in Europe."

About XL Re

XL Re is the global brand used by XL Group plc's reinsurance operations. The XL Re companies have more than 400 employees in 11 countries. More information about XL Re companies is available at www.xlre.com . XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Group is available at www.xlgroup.com .

SOURCE XL Group plc