XL Group plc announced the creation of XL Innovate, an XL-sponsored venture capital initiative. The new fund will be led by Tom Hutton, a past director of XL who has a history of creating successful insurance and financial technology ventures, …
XL Group plc reported its fourth quarter and full year 2014 results. Highlights include: Operating net income of $293.9 million, or $1.12 per share, for the fourth quarter of 2014, compared with $286.9 million for the same period in 2013. …
XL Group announced it has appointed Rob Turner as lead consultant to establish its Complex Accounts capabilities in London. The company said it set up its Complex Accounts team in 2012 because it saw the opportunity and the market requirement …
Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this year from about …
XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New York, XL Group adds Tiffani Ann …
XL Group has launched a kidnap, ransom & extortion (KRE) crisis policy that features a new agreement with risk consultancy, Terra Firma Risk Management LLP. Through the agreement, XL Group’s new KRE coverage is accompanied by response capabilities and crisis …
XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment industries. According to Quinnon “Pete” Purvis, President of XL Group’s North America …
XL Group’s Specialty insurance businesses in North America have teamed up on a new luxury lines to extend their equine, aviation, yacht, fine art, and kidnap, ransom & extortioncoverages to protect high net worth private customers and their possessions. According …
XL Group has partnered with the American Contractor’s Insurance Group (ACIG), construction industry owned insurance organization, to provide data and analytics for construction clients. The goal is to drive continuous quality improvement throughout clients organizations and help construction clients enhance …
XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the new team has underwriters …
