XL Capital Ltd. has named Michael S. McGavick as its next CEO. He will officially join XL on May 1, succeeding Brian M. O’Hara, XL’s CEO for the last 13 years, who announced in October 2007 that he would retire from the position by mid-2008.
O’Hara, who is currently serving as acting chairman of XL’s Board of Directors, will serve as chairman during the final year of his current term on the board which expires in April 2009, “to provide,” XL said, “continuity.”
McGavick’s appointment is subject to immigration approval from the Government of Bermuda. He served as president and CEO of the Seattle-based Safeco Corp. from January 2001 to December 2005.
Prior to joining Safeco, McGavick spent six years with the Chicago-based CNA Financial Corp., where he held various senior executive positions before becoming president and chief operating officer of the company’s largest commercial insurance operating unit. He also served for two years as director of the American Insurance Association’s Superfund Improvement Project in Washington D.C.
Most recently McGavick ran for a seat in the U.S. Senate in the state of Washington but lost.
Source: XL Capital – www.xlcapital.com
Eagle says: 
John says: 
Stefani says: 
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
