XL Catlin has announced the appointment of a new senior underwriter for their casualty business in Asia Pacific.
Louisa Lu will take on the role, joining the business from AIG in Hong Kong.
Regional product leader, international casualty, insurance – Asia, Daniel Fay, said that Lu’s experience will be a great benefit to the XL Catlin business in the region.
“We are delighted to welcome Louisa to the team,” Fay said.
“She has recently relocated from Hong Kong and brings with her a wealth of experience in a number of key segments including product liability, general liability, workers compensation and healthcare industry practice, providing solutions on a domestic, regional and global program basis.
Lu has nearly 20 years’ experience in the insurance industry with five years at AIG alongside stints with Asia Markel International and American International Unwriter.
David Guest, country manager, Singapore, Insurance, Asia Pacific, said that the international outlook of many businesses highlights the importance of attracting the best staff to XL Catlin.
“With companies operating across borders, there is a significant market opportunity for the provision of general, public and products liability insurance cover, which is compliant in all the territories in which a company operates,” Guest said.
“Getting the right cover in place can make the difference to the long term sustainability of a company should a claim arise. In providing this coverage we want to ensure we have the industry’s best talent here at XL Catlin, we are therefore very pleased to welcome Louisa to the team.”
Fay noted that as the economic footprint of Asia continues to grow, a solid casualty offering is a must.
“The Asian economy has been growing steadily over recent years - its share of the global economy is expected to reach nearly 45 per cent by 2025 according to forecasts,” Fay continued.
“Across Asia Pacific there are also a growing number of companies operating globally, making tailored Casualty coverages all the more important.”
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