Jamie Chambers has been appointed country manager for Hong Kong at XL Catlin, the insurer.
Chambers assumes the role in addition to his duties as regional product leader for Asia Pacific in the field of aerospace insurance. He joined Catlin, as it was then known, in 2005 before which he worked at Ortac Underwriting Agency in the UK as an aviation underwriter.
He reports to Craig Langham, XL Catlin’s CEO for Asia Pacific insurance, who says: “Hong Kong is home to many mid-sized businesses as well as large multinational companies who also chose it as their Asia Pacific base. According to the Hong Kong Census and Statistics Department in 2015, there were more than 3,700 regional headquarters and regional offices locally representing their parent companies located outside Hong Kong.
“It is also a highly attractive market for foreign direct investment– according to this year’s UNCTAD World Investment Report, global FDI inflows to Hong Kong amounted to US$175bn in 2015, behind only the US. Our insurance operations provide these companies as well as the local firms with innovative solutions to their risks so that they can focus on growing their business.”
The move comes a week after XL Catlin announced the acquisition of Brooklyn Underwriting in Australia. Brooklyn is a Lloyds approved cover-holder and the acquisition will allow XL Catlin to expand its offering in Asia Pacific.
The firm will continue to operate under the Brooklyn brand, but will be a wholly-owned subsidiary of XL Catlin. The deal is expected to close in the final quarter of this year.
XL Catlin’s country manager for Australia Robin Johnson says: “Brooklyn have built a successful business reaching across Australia and are recognised for their innovative products, broker-friendly technology and customer service. In recognition of their reputation we intend to maintain the strong Brooklyn brand.”