MADRID, Spain, Sept. 20 -- XL Group, an insurance and reinsurance company, issued the following news release:

XL Catlin's insurance operation in Iberia today announced new local underwriting capabilities with the appointment of Santiago Herrero as Head of Political Risk, Credit & Bond (PRCB) - Iberia. Mr Herrero will be based in Madrid and report to Dan Riordan, XL Catlin's Global Head of PRCB.

Commenting on the announcement, Jose Ramon Morales, Country Manager Iberia for XL Catlin's insurance operation, said: "Emerging economies are going through deep social, economic and governance transformations that are making them seem attractive to contractors and export companies, focusing on the new business opportunities in a variety of sectors. Spanish companies have been awarded large-scale infrastructure projects, where they face multiple trading risks including non-payment, cancellation of licenses, embargos or war. To finance these projects, banks and other lenders are increasingly looking to share their risk with insurance partners."

Mr. Morales added, "Santiago's experience will prove very beneficial as we develop tailored political risk solutions to assist our Spanish multinational clients and financial institutions from suffering losses resulting from any combination of these risks. This appointment reflects our continued commitment to investing in the best talent of the sector for our Iberia team and to staying close to our clients."

Santiago Herrero brings more than twenty years of experience to XL Catlin. Most recently he served as Political Risk Manager at Marsh S.A. He previously worked at Construcciones y Auxiliar de Ferrocarriles, S.A (CAF) and Amaya Cia. De Seguros y Reaseguros. He holds a Master's degree in Foreign Commerce from Universidad CEU and a Bachelor's degree in Business and Administration from University Alcala de Henares.

Dan Riordan, President of Head of Global Political Risk & Trade Credit Insurance at XL Catlin, said: "As with any risk, opportunity exists for those able to look deeper and forge the right partnerships. Uncertainty is a constant, but there are ways to reduce it. Political risk insurance is a valuable tool in mitigating multidimensional threats associated with political instability, especially in the current geopolitical environment. Santiago's underwriting skills and global expertise position him ideally to look closely at opportunities that will make a difference for our Spanish clients. I am delighted to have him on board."

XL Catlin offers political risk, credit and bonds to clients involved in trade, finance, infrastructure, energy, and other sectors. Clients include multinational companies, financial institutions, exporters and manufacturers, commodity traders, and export credit agencies and development finance institutions.

LANSING, Mich.--(BUSINESS WIRE)--
Jackson Financial Inc.¹ (NYSE: JXN) (Jackson®) today announced that Alison Reed has been appointed Head of Distribution of Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson National Life Insurance Company. In this role, Reed has responsibility to drive organizational performance, develop new product and distribution opportunities and direct initiatives for continued business growth at JNLD and Jackson. Reed will serve as a member of Jackson’s Executive Committee.

“Alison is a proven leader with a track record of successful execution to support Jackson’s strategic growth,” commented Chris Raub, President, Jackson National Life Insurance Company. “Her understanding of the retirement services industry, combined with her tenured experience in driving the development of Jackson’s product and distribution strategy, will serve her well as she leads JNLD through Jackson’s next phase of growth. I am confident she will continue to foster a collaborative, experience-focused environment that will help our teams thrive as we continue to meet the evolving needs of our partners.”

“I’m incredibly proud to lead such a dedicated and talented team at Jackson,” added Reed. “Our commitment to delivering value, building trust and driving meaningful outcomes for Jackson and our stakeholders is what makes this organization truly exceptional. I look forward to the innovative ways we will continue to empower financial professionals with the tools and support they need to help clients achieve financial security in retirement.”

Reed joined Jackson in 2002 and has served in a variety of leadership roles during her tenure at JNLD, including Chief Product Development and Strategy Execution Officer, JNLD Chief Operating Officer, and Executive Vice President of Product Solutions. Previously, Reed also served as Vice President of Variable Annuity Product Management and was Vice President of Due Diligence for National Planning Holdings®, Inc. (NPH). Reed earned a bachelor’s degree from the University of Colorado and a master’s in business administration from the University of Denver. She holds FINRA Series 7 and 24 registrations.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2024. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

View source version on businesswire.com: https://www.businesswire.com/news/home/20251218218038/en/

Media Contact:
Patrick Rich
[email protected]

Source: Jackson Financial Inc.