XL Catlin has appointed Andrew Underwood as regional product leader for UK and Ireland, for political risk and trade credit.

Underwood joins XL Catlin with over 25 years’ experience in the insurance industry. He began his career as a Lloyd’s broker while his most recent position was as partner at Hiscox.

XL Catlin’s head of political risk and trade credit Dan Riordan says Underwood is a welcome addition to the team at a time of increased demand for political risk and trade coverage.

“Today, around the world we are seeing heightened tensions both economic and geopolitical. At the same time, there are serious concerns about security and terrorist activity. This situation is driving demand for political risk and trade credit coverages,” says Riordan.