Insurer XL Group has appointed Paolo Ribotta as head of global distribution.
In this newly created position, Ribotta will be responsible for the performance, direction, growth and support of XL’s global network. He will be based in XL’s London office.
He will report to XL’s chief executive of insurance operations David Duclos and will work closely with XL Insurance’s four business chief executives as a fellow member of the XL Insurance executive board.
The insurer said Ribotta’s major duties will entail collaboration with business leaders across the entire XL enterprise to ensure effective broker and client relationship management as well as network management, which includes managing new fronting partner relationships.
He will also be directly engaged in facilitating entry into new markets for XL’s insurance and reinsurance segments, as well as supporting development of underserved markets in which XL believes further opportunities exist.
Ribotta will join XL from Zurich Financial Services, where he served as CEO, France of Zurich Financial Services since 2004 and prior to that was CEO, Italy for Zurich Global Corporate from 2001 to 2004. He was appointed a Member of the European Board of Zurich’s corporate business in 2002.
Duclos said the creation of this new role will allow XL to further enhance its market presence and leverage the strong global network and relationships with brokers and clients.