XS Global expands into Asia Pacific with Hong Kong launch

XS Global, an independently owned managing general underwriting (MGU) platform, has expanded into the Asia Pacific region with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong, with the office being led by APAC CEO and XS Global Executive Committee member, Steven Barnett.

XSGAP, licensed in Hong Kong in July 2025 and approved as a Lloyd’s coverholder in August 2025, is a multiline MGU with an experienced underwriting team.

The company will offer inward facultative coverage across Property, Casualty, Marine, and Accident & Health (A&H) lines throughout the Asia Pacific region, with Treaty capabilities planned for early 1Q 2026. Coverage is supported by Lloyd’s and other international insurers, all rated A- or higher.

Barnett, who joined XS Global in 2024, brings four decades of leadership experience across Asia Pacific, the Middle East, Africa, and Europe. He spent 31 years at AIG, most recently serving as Regional CEO Asia Pacific from 2020 to 2023, and is recognised for driving growth, operational efficiency, and high-performing teams in complex markets.

The launch of XSGAP marks an important development in XS Global’s international expansion and establishes its operations in the Asia Pacific region. Further information on the underwriting team and the classes of business to be offered will be shared in the coming weeks.