May 14, 2018
XL Catlin has outlined a number of senior departures and leadership changes as it gears up for its $15.3bn acquisition by AXA.
Among the departures is chief experience officer Paul Jardine, who is expected to leave the company at or shortly after the close of the transaction, along with Susan Cross, XL’s chief actuary, Kirstin Gould, general counsel, and chief human resources officer Eileen Whelley.
In addition, Paul Brand, head of the carrier’s insurtech and innovation lab Accelerate, will leave the firm at the end of June. He will be succeeded by Vincent Branch, who will take the reins of the business unit on 1 July.
Doug Howat, CEO of global lines at XL Catlin, has also decided to leave the company.
Meanwhile, XL also outlined a number of new leadership appointments and structural changes.
In insurance, the firm said that it intends for Neil Robertson and Jason Harris, currently chief executive insurance underwriting and chief executive international insurance, to each take on new roles as chief executives for global specialty and global P&C respectively.
Joe Tocco will remain as chief executive for North America insurance, reporting to Harris.
Reinsurance will continue to be led by Charles Cooper, while underwriting capital management - which includes ceded re and alternative capital - will continue to be led by incumbent chief executive P&C underwriting capital management, Mark Van Zanden.
Furthermore, XL said it would merge its data and analytics businesses, which will be headed up by the current chief executive for insurance pricing and analytics Paul Shedden.
Effective 1 July, Shedden’s team will include include Kim Holmes who leads strategic analytics, Henna Karna who heads up enterprise data and Branch, who will lead Accelerate.
The carrier said that it would not be able to reveal the complete line-up for the new leadership team until after completion of the deal.