Names Hernan Moreno as regional chief underwriting officer

XL Re, the global reinsurance operations of XL Capital, has changed the management and the underwriting structure of its Latin America operations.

The operations continue to be led by Stephen Outerbridge, chief underwriting officer and chief operating officer of XL Re Latin America. Mr Outerbridge is also COO of Brazil and an interim president.

The company has said that Hernan Moreno has been appointed as the regional chief underwriting officer. He will relocate to Bogota, Colombia next year and also take up the position of country manager. In his new position as regional CUO, Mr Moreno will be involved with XLRLA’s Brazilian operation.

Also in Brazil, XLRLA’s technical commercial director Edson Wiggers has been promoted to vice president in charge of business development and underwriting operations. Meanwhile, Mr Leandro Bello remains as country manager and head of XLRLA’s facultative underwriting team covering Brazil.

James Veghte, chief executive of reinsurance operations at XL, said: This new management and underwriting structure will ensure that XL Re continues to provide clients in Latin America with the high level of service that they have come to expect from us. It is a testimony to the depth of talent and experience within the organization.

Mr Outerbridge, chief underwriting officer of XL, said: We have a very strong team dedicated to the Latin America market and we look forward to building on the relationships that we have developed over the years in this region.