XL London Market appoints risk director
XL London Market, an insurance syndicate at Lloyd’s of London, has appointed Paul Drake as director of risk management, a newly created position.
Drake was previously underwriting development manager overseeing reinsurance, insurance and underwriting at XL London Market. He joined the company in 2001 after working as a director at both Cottrell Maguire and R.J. Kiln.
It is one of the first management changes XL plans to make as part of a restructuring and rebranding effort. “The timing of the new position is in line with the realignment and pushing forward of XL London market and the reinventing of the XL brand name,” a spokesman said.
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