Influential women in re/insurance: re/insurers and brokers
OF OF 2017
Company: XL Catlin
Job title: President, global excess casualty
2016: President, global excess casualty, insurances, XL Catlin
2012: Chief underwriting officer, global risk management,
2001: Executive vice president and chief underwriting officer,
ACE Risk Management
it really exciting. The first time I moved into underwriting was
pretty incredible, as was my first underwriting management
position. If I had to choose, the recent promotion to leading the
global excess casualty team would be the brightest highlight so far.
I have spent most of my career in primary casualty and have
come to find out that I love the umbrella/excess product. In this
position, I work with some of the best talent and every day I am
able to contribute in a greater way to achieving the XL Catlin
vision of becoming the most admired insurance company.
What has been the biggest challenge you have encountered?
At XL Catlin, we are focused on innovation. We understand
that our industry is changing and our customer’s risks are
evolving, so we are challenging ourselves to be innovative in
all areas of the business. The biggest challenge for me now and
going forward is to dedicate the time to thinking innovatively.
With the pace of business, it’s easy to focus on the immediate
but it’s more important than ever to look to the future and
how we can create more value in our relationships with our
customers and brokers.
If you had chosen a different profession/career path, what
would it have been?
Much of what we do in underwriting is focused on the
importance of contract language and understanding the ever-changing
legal environment, so in many ways, I feel as though I
found what I was looking for in the field of law and at the same
time, was able to do so much more.
Barbara Luck is responsible for managing and growing XL
Catlin’s excess casualty capabilities globally. Her team provides
businesses with additional layers of insurance protection for
today’s complex business risks through XL Catlin’s excess casualty
underwriting operations in the US, Bermuda and Dublin.
Luck joined XL Catlin as the chief underwriting officer of XL
Catlin’s global risk management business. Before that she served
as ACE Risk Management’s executive vice president and chief
underwriting officer. She also served as chief underwriting
officer for ACE’s National Accounts and held positions as
branch underwriting manager and vice president of business
Why did you choose to work in this industry?
I wanted to go to law school after graduating college, but knew
that I would have to get a job and then go to school at the
same time. I looked for a position as a paralegal and applied
for one at AIG Risk Management. It was through that position
that I worked closely with the casualty underwriters. I knew
right away that was what I wanted to do, so I moved over into
underwriting as an underwriting assistant and after some time
was promoted to an underwriter.
I was fortunate to have a mentor at that time who encouraged
me to strive for that underwriting position and ultimately has
mentored me through my whole career. It was in those early
years that I realised how interesting and challenging our industry
was and it’s why I believe we should continue to bring in new
talent, dedicate time to mentoring and offer opportunities for
individuals to get exposure to all aspects of the business.
What has been the highlight of your career so far?
It’s hard to identify one highlight because each time I have been
given an opportunity to take on additional responsibility, I found
“With the pace of business, it’s easy to
focus on the immediate but it’s more
important than ever to look to the future.”
www.intelligentinsurer.com 2017 | INTELLIGENT INSURER | 49