XL Catlin Opens New Office in Monterrey, Mexico and Appoints New Client Distribution Leader

MEXICO CITY, Oct. 11, 2016

Monterrey is the Capital of the State of Nuevo León, which has an economy comparable to that of the country of Chile. It is Mexico's most important industrial hub and accounts for 10 per cent of the country's GDP. Mr. Matthey is tasked with developing and managing relationships with regional and international clients and brokers operating in the northern region of the country.

Commenting Pablo Crain, Country Manager for XL Catlin's insurance segment said "We are proud to announce the opening of our Monterrey office and to have Carlos Matthey join our growing team in Mexico and Latin America.

Monterrey is one of the top five industrial hubs in Latin America and home to regional operations of some of the largest steel, cement, glass, autoparts and bottling companies in the world. Carlos has vast experience and deep understanding of the region; he will expand our footprint in the Monterrey market providing our existing and future clients and brokers with high quality service and the right insurance solution for their specific business needs."

Joe Tocco, Chief Executive of Insurance for the Americas added "The opening of our Monterrey office is evidence of XL Catlin's commitment to bringing our global programs expertise closer to our local and international clients in Mexico and Latin America. The new office strengthens and builds on our growing capabilities to serve emerging markets."

Mr. Matthey has more than 15 years' experience in the insurance industry. He joins XL Catlin from Allianz where he served as Regional Director of the Monterrey branch office. He has previously held several positions at ING (now AXA), including Special Accounts Manager for property, casualty, aviation and international programs, Commercial P&C Manager and Commercial Sr. Manager for auto and P&C lines, responsible for the company's largest accounts in the region.

XL Catlin's insurance operations in Mexico date back to 2004 when the company opened its first office in Mexico City.