XL Catlin has established a new reinsurance unit focusing on facultative and treaty reinsurance across Africa.
Alex St James will lead the team as head of Africa for XL Catlin’s reinsurance.
In addition, Matthew Gillies has been named actuarial underwriter. Both St James and Gillies will be based in London.
David Watson, XL Catlin’s CEO for reinsurance in Europe, the Middle East and Africa, said: “Africa is a varied and complex collection of frontier and developing markets, generally rich in resources and increasingly home to international companies.”
“Traditionally there has been a lack of insurance penetration across the continent, but this is changing and we believe we have a part to play as reinsurance capacity will further drive the development and growth of the primary insurance market.”
Captive Insurance Times
