XL Group plc has appointed industry veteran Chris McKeown as chief executive officer of New Ocean Capital Management Limited, the investment management company recently formed by XL and funds managed by Connecticut-based private equity firm Stone Point Capital.
The Bermuda-based company will focus on providing third-party investors access to insurance-linked securities and other insurance and reinsurance capital markets products. New Ocean Capital Management Limited is expected to be operational for the upcoming renewal season.
McKeown’s appointment is subject to Bermuda Immigration approval.
With a reinsurance career spanning three decades, McKeown has held senior executive positions with Guy Carpenter & Co., ACE Tempest Reinsurance Co., CIG Reinsurance (owned by funds managed by Citadel Investment Group) and most recently Pillar Capital.