To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North America Property insurance business. Based in Atlanta, …
Stephen Catlin, Catlin Group Limited CEO, has been elected chair of the Association of Bermuda Insurers and Reinsurers (ABIR) for a two-year term beginning January 1, 2015. Catlin succeeds XL Group plc CEO Mike McGavick who completes his two-year term …
XL Group’s North America Construction team has added a new pre-qualification benchmarking service for Subcontractor Default Insurance (SDI) clients to make sure contractors have the right process in place to select subcontractors wisely. Pre-qualification of subcontractors is an important risk …
XL Group has launched enhancements to its yacht insurance program, providing increased coverage for Search & Rescue, stolen boat reward, ship’s cash and continued coverage for crew, which the company unveiled at the 55th Annual Fort Lauderdale International Boat Show. …
XL Group has appointed Thisiani Matsumura Martins as technical officer of its insurance operation in Brazil, subject to approval by the local supervisory authority. She succeeds Juan Bragadin, who will continue working with XL Group as a consultant in the …
Hedge funds looking for new investments may be pushing too fast into insurance, said Michael McGavick, the chief executive officer of XL Group plc. McGavick joins Franklin Montross, the CEO of Berkshire Hathaway Inc.’s General Re, and Ace Ltd.’s Evan …
XL Group plc, headquartered in Dublin, reported operating net income of $187.1 million, or $0.70 per share, for the third quarter, compared to operating net income of $154.6 million in last year’s third quarter (primarily due to higher underwriting profit …
XL Group has launched three tailored marine insurance programs to protect boaters, marinas and vessels, adding to its recreational marine insurance portfolio. The new recreational marine liability insurance coverages include: Boat Dealers Coverage Solutions: To provide property insurance coverage for …
XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive. Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …
A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective …
