An ex-Zurich Insurance exec is coming to XL Catlin in a major leadership role. JLT Specialty USA appointed a new vice president who will help assist the restructuring community in solving complex insurance issues.
A former Zurich Insurance executive is joining XL Catlin to lead its global programs and captive practice in North America.
Steven Bauman takes on his new position as of May 23, and will oversee the growth and development of XL Catlin’s global insurance programs and captive business in North America. As well, Bauman will give technical support across business lines in structuring global captive programs, make sure global programs are in compliance and following best practices, and work with XL Catlin clients and broking partners to develop new/innovative captive products.
Previously, Bauman was at Zurich Insurance Group, where he most recently was head of captive services. Before that, he was with Aon, and also at XL Catlin, managing its New York underwriting hub.
Bauman will report to Matthew Latham, XL Catlin’s global head of captive programs, and Bob Peretti, head of Client and Broker Management in North America.
JLT Specialty USA appointed Denise Kaloudis as a senior vice president.
She’ll be based in New York and work with JLT’s Special Situations Group, working to assist the restructuring community in solving complex insurance issues. The Specialty Situations Group division includes former restructuring attorneys, bankers, consultants and underwriters who assist clients in making informed insurance decisions during a time of crisis.
Most recently, Kaloudis was director of business development at the national law firm Drinker Biddle & Reath LLP. She has also practiced as a bankruptcy attorney specializing in restructuring services at two other law firms, and was a law clerk for a former chief judge of the United States Bankruptcy Court of the District of Delaware.
JLT Specialty USA is a division of Jardine Lloyd Thompson Group plc., a provider of insurance, reinsurance and employee benefits related advice, brokerage and related services.
Sources: XL Catlin, JLT Specialty USA