XL Group, a global insurance and reinsurance company, has appointed Alvaro Salamanca as the new CEO of its operation in Mexico, effective immediately to seek further profitable growth in the Latin American region.

Based in Mexico, Salamanca will report to Bruno Laval, regional manager for Iberia and Latin America at XL’s insurance segments.

Prior to XL, Salamanca served as the CEO of a Mexican management consultancy and provided advice to local as well as multinational insurance groups on expansion in Latin America. He also led Chubb’s Colombian and Mexican subsidiaries for more than 11 years.

Bruno Laval added that Alvaro had experience in underwriting that will allow him to be a partner for the firm’s clients and brokers in Mexico.

XL Insurance segment offers property, casualty, professional and specialty insurance products to industrial, commercial and professional firms, insurance companies and other enterprises worldwide.