David Duclos, XL Capital Ltd’s COO – global insurance operations (XL Insurance), announced the appointment of Nicholas Greggains to Chief Underwriter of its Design Professional unit. The unit specializes in providing professional liability coverage to architects and engineers.
Greggains, a senior vice president in the unit, replaces John Glancy, who was recently appointed Chief Underwriting Officer of XL Insurance’s Global Professional operations. He will remain in XL Insurance’s Exton, Pennsylvania office and will report to Glancy.
According to Duclos: “Our Design Professional unit follows a distinct business model focused on the unique professional liability needs of architects and engineers. With his experience and market knowledge, Nick is well-qualified to lead XL Insurance’s Design Professional team as it continues to expand and build its position as a market place leader for the design industry.”
Glancy commented: “Nick understands the risks inherent in design and engineering. Equally important to his new position is Nick’s understanding of how these risks can be minimized. Our clients have come to rely on our tailored insurance programs and our loss prevention education and claims services that offer valuable strategies to help protect their reputations and profits.”
Greggains joined XL Insurance in April 2003, as Vice President of Global Accounts for its Environmental unit and moved into the position of Chief Underwriting Officer for the Design Professional unit in January 2005. He began his career with Commercial Union (CU) in London, relocating to the U.S. in 1992 to lead CU North America’s Global Risk operation.
Was this article valuable?
Here are more articles you may enjoy.
The Top 15 U.S. Metros with High Exposure to Wildfire Risk 
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance 
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes 
Worsening Weather Igniting $25 Billion Weather Derivatives Market 
