XL Capital Ltd. has created a new Excess & Surplus (E&S) lines unit to add to its insurance operations, Clive Tobin, chief executive officer, announced today from London.
The new unit will be dedicated to providing primary casualty coverages to mid-size and large businesses. E&S policies will be underwritten through Indian Harbor Insurance Company.
John M. DiBiasi will join the company as E&S president and will report to David Duclos, chief underwriting officer of specialty operations for XL Insurance.
DiBiasi comes to the XL Insurance companies from Nautilus Insurance Company in Scottsdale, Arizona, where he served as executive vice president of underwriting. He began his 28-year career with the Insurance Services Office and held various underwriting and marketing positions in the E&S and standard insurance marketplaces.
“While the XL Insurance E&S unit will focus on primary casualty business, we will also have the capacity to provide property and
umbrella business,” DiBlasi said.