XL Group has boosted its trade receivables insurance (TRI) teams in the US and the UK with four new hires.
Former head of international credit at AIG, Jennifer Papadimitriou will be based in XL’s London office; Paul Haigley and Aaron Rutstein will be based at the firm’s Baltimore office and have both joined from Euler Hermes; Agatha Liberatore joins the New York office from FCIA.
XL Group establishes its TRI underwriting capabilities in Europe with the addition of Papadimitriou as senior underwriter in its London office. She brings more than 20 years of international trade credit and receivables underwriting experience to XL Group’s team.
Commenting on her new appointment, Papadimitriou says to GTR: “I am excited to start my new role in the autumn and look forward to meeting the credit insurance needs of our brokers and clients in the London market.”
Senior underwriters Haigley and Liberatore will address businesses’ TRI needs in the Americas. Haigley joins from Euler Hermes World Agency where he most recently served as vice-president and regional director of account management for the Americas. Liberatore joins from FCIA Management Company, where as senior risk manager for the Midwest region, she managed an international trade credit and political risk portfolio for 15 states.
Rutstein joins as risk manager for TRI and will manage the team’s buyer risk assessments, credit evaluations and portfolio management and oversee XL Group’s team of risk analysts in India. He joins from Euler Hermes, where he most recently served as credit analyst manager.
Commenting on the appointments, Jeffrey Abramson, head of XL Group’s TRI business says: “To meet our customers’ growing demand, we are making an investment in some of the top talent in this industry. With the addition of Agatha, Paul, Jennifer and Aaron, our expanded team is ready to provide trade receivables insurance on a global basis, utilising XL Group’s global network and significant capacity.”
To support this enhanced underwriting capacity, XL Group is also adding to its operational infrastructure with new hires in both India and Baltimore.