The Board of Insurance Ireland today approved the membership of XL Group plc to Insurance Ireland. In addition, David Watson, Chief Executive for XL Group’s Europe/Asia Pacific Reinsurance segment, will join the twelve member council comprising CEOs who represent the interests of the international insurance sector in Ireland.
Speaking at the announcement Ciaran McGettrick, Chairman of the Insurance Ireland International Council said, “We welcome David to the Council and look forward to the contributions he will make to our ongoing remit to develop and execute a successful engagement plan to promote Ireland as a base for insurance companies, helping grow and promote Ireland’s international financial sector”.
Commenting on the announcement David Watson said, “Progression and innovation is really only possible through the facilitation of open dialog and the sharing of ideas. We believe Insurance Ireland provides a forum conducive to this and we are extremely pleased to join them and look forward to contributing to the important work they do.”
The council works collaboratively with Central Bank of Ireland, Government and representative bodies on an appropriate operating framework for international Insurance in Ireland which will result in a new era of retention and growth.
Insurance Ireland also leverages membership of Insurance Europe and Global Federation of Insurance Associations (GFIA) to influence policy at European and global level to deliver synergies for Ireland Inc. and the Insurance industry.
See full list of Insurance Ireland Council members below:
Kevin Thompson, CEO – Insurance Ireland
Simon Skinner, CEO – Aegon Ireland
Frank Mee, Director, Finance & IT – Allianz Worldwide Care Ltd.
Sylvia Cronin, Chief Executive Officer – Augura Life Ireland Ltd.
Declan Bolger, Managing Director – Canada Life Europe
Paul Gillett, Chief Executive Officer – Generali PanEurope Ltd.
Dirk Ostijn, CEO – MetLife Europe Ltd.
Ted Dziurman, General Manager – Partner Reinsurance Europe SE
Ciaran McGettrick, CEO – Phoenix Ireland – Chairman
Tiziano Motteran, CEO – The Lawrence Life Assurance Co. Ltd.
Brian Hunt, Head of Government & Industry Affairs – Zurich Insurance
David Watson, Chief Executive Officer, Europe/Asia Pacific Reinsurance Department – XL
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Notes to Editors:
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Insurance Ireland, the leading voice of Insurance in Ireland represents 95% of the domestic insurance and 70% of the international Life Insurance market. Insurance Ireland members pay out more than €12.5 billion in benefits and claims to Irish customers and contribute over €1.5 billion in tax to the Irish exchequer per annum. The Insurance Industry holds €200 billion in assets in Ireland of which €30 billion is invested in Irish infrastructure and government debt, generates €25bn in premium income (domestic and overseas) and employs more than 24,000 people.
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Insurance Ireland, which is the representative body for insurance companies in Ireland, was previously known as the Irish Insurance Federation.
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About XL Group plc
XL Group plc (NYSE:XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit www.xlgroup.com