XL restructures Asia-Pacific operations
XL Group is to integrate its Australia, Singapore, Labuan (Malaysia), Hong Kong and China insurance operations.
The new Asia-Pacific headquarters will be in Singapore, and Craig Langham will lead the regional management team while continuing as Country Manager for Australia. Andrew Vigar will remain Regional Manager for Asia.
XL will now manage its Hong Kong and China operations under a Greater China division, led by Country Manager for Hong Kong Philip Chan. Al Xie remains CEO and GM of the group’s Shanghai subsidy.
The shake-up will allow XL Group to meet the needs of current and potential clients in the region, according to CEO Specialty Insurance Neil Robertson.
“We identified that many of our global corporate clients are expanding their operations into Asia-Pacific and many domestic companies are also looking for insurance coverage for property, casualty, professional and specialty, as well as our newer products such as political risk, crisis management and surety,” he said.