Swiss Re unit hires NA property, specialty lines head from XL

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Michael LaRocca as head property & specialty lines North America.

In his new role based in New York, LaRocca will be responsible for managing the strategy, development and performance of the company's property & specialty lines portfolio. He will oversee the general property, energy property, excess & surplus property, engineering & construction, general aviation and marine teams throughout the US and Canada.

LaRocca has held numerous leadership positions at Tokio Marine, Zurich North America, AIG and most recently at XL Catlin where he served as the chief underwriting officer (CUO) in its North America property business.

"With Michael's appointment, we gain a leader with a strong track record in the commercial insurance industry to oversee our North American Property & Specialty Lines business and continue to provide clients and brokers with the knowledge, coverage and service they have come to expect," said Ivan Gonzalez, CEO North America, Swiss Re Corporate Solutions. "Michael's experience and expertise will also help us advance our strategic aspirations, in particular, developing our international programs to serve mid-sized and large companies headquartered in the US and Canada."

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Sirius lists on Nasdaq; completes private placement

Argo boosts third-party capital at Ariel Re

Greenlight Re posts Q3 loss driven by investments, underwriting

Record ILS issuance in Q3

Argo back to profit in Q3

QBE invests in insurtech Zeguro, launches cybersecurity solution

Validus poaches JLT political risks head in the US

Don't miss our insurtech email newsletter - sign up today