Foster will join Minova-owned MGA on 7 March next year

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Underwriting agency Pioneer Underwriters has hired fomer XL Catlin executive David Foster as group chief financial officer.

He will take up his new role on 7 March next year, subject to regulatory approval.

Foster was previously deputy corporate controller at XL Catlin. Pioneer said he played a lead role in the integration of the finance departments of the newly merged group, which is formed of global (re)insurer XL and Lloyd’s insurer Catlin.

Before this he was chief financial officer of Catlin’s Bermuda operation and Catlin’s group financial controller.

Pioneer chief executive Darren Doherty said: “Pioneer’s success over the last five years means we are now of the scale and breadth to require a CFO with the skill and experience of David Foster.

“I’m very much looking forward to welcoming David to Pioneer and working with him as we continue to develop the business in line with our long term strategy.”

Pioneer is part of broking group Minova Insurance, which also includes Lloyd’s broker BMS.