XL Group Grows in Asia

Posted by Greg Trauthwein
Tuesday, July 01, 2014

XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter.

Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics for companies operating around the world.

“We have made these appointments because we recognize that having first class talent and knowledge based locally, backed up by our global infrastructure and financial strength, provides a compelling offering to our clients.”  

Mr. Meyrick added: “Mike has 35 years’ experience in the insurance industry and an in-depth understanding of the marine market across Asia. He certainly has the credentials to successfully lead our Marine and Offshore Energy team in Asia Pacific and deliver the most relevant and innovative product to our clients, who are themselves innovating and evolving to meet the needs of this booming marketplace.”

Mr. Meyrick continued: “Ian’s experience also equips him well for his new role which sees him take responsibility for the continued development, monitoring and management of our Offshore/Upstream operational and offshore construction portfolio in the Asia Pacific region”.

Mr. Davies joins XL Group from Zurich Insurance, where he was Global Head of Marine and Chief Underwriting Officer responsible for Cargo, Hull and Marine Liability and Yacht & Pleasure Craft. Prior to promotion he was Head of Marine, Asia Pacific. Between 2000 and 2010 he held the position of CEO of Singapore Branch at AXA Corporate Solutions. 

Mr. Picton has worked in the insurance industry since 2005 and joins XL Group from Marsh in London where his main responsibility was facilitating and placing global upstream accounts. Prior roles also include upstream broking in Willis in London, and a six-month placement with Watkins Syndicate in Singapore. 



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