XS Global, an independently owned managed general underwriting (MGU) platform, has expanded into the Asia Pacific region with the establishment of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong, led by Steven Barnett, CEO Asia Pacific and member of the XS Global Executive Committee.
Licensed in Hong Kong in July 2025 and approved as a Lloyd’s underwriter in August 2025, XSGAP is a multi-line MGU with an experienced underwriting team.
The company will offer onshore temporary insurance across property, casualty, marine and accident and health (A&H) lines throughout the Asia-Pacific region, with treaty services scheduled to be available early in the first quarter of 2026. Coverage is backed by Lloyd’s and other international insurers, all rated A- or better.
Barnett joins XS Global in 2024, bringing four decades of leadership experience across Asia Pacific, the Middle East, Africa and Europe. He has been with AIG for 31 years, most recently as Asia Pacific CEO from 2020 to 2023, and is recognized for driving growth, improving operational efficiencies and building high-performing teams in complex markets.
The launch of XSGAP marks an important step in XS Global’s international expansion and establishing a presence in the Asia-Pacific region. More information about the underwriting team and types of business offered will be shared in the coming weeks.