XL appoints international chief professional indemnity insurance underwriter

Business insurance provider XL Insurance has recently appointed a new chief professional indemnity insurance underwriting officer.

Ms Cristiana Báez-Safa will be the new international underwriting head for the commercial insurance company.  Ms Báez-Safa has over two decades of experience in business insurance from the various positions she has held in both global and regional management at such firms as Marsh, Allianz Global Corporate & Specialty, and AIG.

Prior to her work in the finance industry, Ms Báez-Safa was a practicing attorney in the United Arab Emirates, France, and the US.  She specialised in professional liability insurance and management claims matters.

A spokesperson for XL Insurance stated that Ms Báez-Safa is both well respected by clients and brokers in addition to having extensive experience in underwriting professional indemnity insurance lines. Her track record for building a successful international insurance book is proven, the spokesperson added.  XL Insurance also expressed confidence that it will be able to further strengthen its capabilities in the dynamic and growing market for commercial risk under her leadership.

Ms Báez-Safa also commented on the new appointment, expressing her excitement to be joining the firm’s talented underwriting team.  The new chief underwriter stated that there were many professional liability insurance lines that could be the source of potential growth such as commercial directors and officers insurance.

Ms Báez-Safa contributed this growth opportunity to the increasing number of challenges that directors and officers are facing in today’s complex regulatory and business environments.

In related news, two other insurers have announced new appointments of their own.  Both MGA and Brit Insurance have added underwriters to their teams recently as their businesses continue to grow.  Both firms have appointed underwriters with years of experience in their respective fields.

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