Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL’s insurance segment upon the retirement of Dave Duclos, the current insurance head.
Hendrick, currently XL’s executive vice president for strategic growth, will assume the new position on Jan. 1, 2012.
Duclos, whose retirement becomes effective on Dec. 31, 2011, will continue as a consultant to XL through 2012 to advise on and assist with the transition.
During his career with XL, Hendrick has held various senior leadership positions including president and chief underwriting officer of XL’s Bermuda-based reinsurance company, senior vice president and chief property underwriter for Bermuda reinsurance operations and vice president and underwriter of XL Mid Ocean Re.
As the head of XL’s Office of Strategic Growth since October 2010, Hendrick has been responsible for guiding XL’s strategic planning, focused on enhancing the company’s operational efficiencies and further growing XL’s underwriting businesses. The strategy portfolio will be shared among Hendrick, Sarah Street, XL’s chief investment officer and Jamie Veghte, chief executive of XL’s reinsurance segment.
Duclos has served as executive vice president and chief executive of XL’s insurance operations since 2008. Prior to this position, Duclos was chief operating officer for XL’s insurance operations, executive vice president of global specialty lines and senior vice president responsible for U.S. program operations. Prior to joining XL, he worked for over three years at Kemper Insurance Co. Duclos began his career with Cigna Corp. where he spent 21 years.
Topics Reinsurance AXA XL
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