XL Group, a global insurance and reinsurance company, has appointed Simon Rich as senior vice president, Global Treasurer.
In his new role, he will continue to report to XL’s chief financial officer, Irene Esteves. As Global Treasurer, he will be responsible for policies, information, analyses and implementation of funding and capital management, credit ratings agency relationships, short-term asset and liquidity management, treasury operations and foreign currency exposure management of XL Group and its subsidiaries globally.
Rich held various progressively senior leadership positions since joining XL in 2001, including finance director and treasurer of XL London Market, senior vice president finance for XL’s insurance segment and Corporate Controller from 2005 to 2010.
Prior to joining XL, he worked in the financial services practices of Coopers & Lybrand and PricewaterhouseCoopers, where he specialized in insurance companies, insurance brokers and funds management.
In additoin, XL’s former senior vice president, Accounting Policy and SEC Reporting officer Stephen Robb will assume the role of senior vice president, Corporate Controller.
Robb has been with XL for more than six years and has contributed in major corporate initiatives to XL’s efforts to meet global accounting and regulatory requirements. He will be responsible for the direction of XL’s corporate financial close, reporting and control functions.
Before joining XL, Robb held several progressively senior roles at PricewaterhouseCoopers, including senior manager, Insurance Industry Group Leader.