XL Insurance, the global insurance operations of XL Capital, has announced the establishment of a new branch office in Singapore.
The XL Insurance Company Limited Singapore branch will act as the management and underwriting hub for the Asian region, with an initial focus on directors and officers liability, fine art and specie, casualty, energy and construction insurance. The office will be headed by Andrew Vigar, XL Insurance’s regional manager for Asia.
Stefan Zemp, regional COO of XL Insurance for Continental Europe and Asia, said: The establishment of our Singapore branch is an important step in XL Insurance’s long-term commitment to the Asian market. We are very excited by the possibilities that a strengthened presence in the region affords us. The new Singapore office enables us to better respond to the insurance needs of our growing customer base across Asia.