Saturday, January 20, 2018

XL Catlin hires QBE exec to cover Asia projects

XL Catlin has hired Todd Wilhelm from QBE to the position of regional product leader, energy, property and construction for Asia Pacific.

He has more than 25 years’ experience in the insurance industry, specialising in property and construction. He was most recently chief underwriting operations officer and head of property and engineering, emerging markets.

As the region’s economic development continues, insurers are hoping that infrastructure projects will generate new business.

“Growth in Asia is still expected to outpace the anticipated growth in other regions,” said Craig Langham, chief executive, Asia Pacific insurance, for XL Catlin.

In particular, Langham said that China’s US$4 trillion Belt-and-Road initiative economic initiative will bring about opportunities across Eurasia.

“Projects such as construction, utilities and infrastructure are growing in size and complexity, with risks that are very much interconnected,” he said. “When taking on these projects, companies are increasingly looking to work with insurance partners to address and manage their risks.”

Before QBE, Wilhelm had worked at ACE Insurance and FM Global. He will be based in Singapore.

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