XL Group News

XL Group Expands Executive Liability Protection in U.S.

XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly complex litigation and regulatory environment in the U.S. and around …

Catlin Says XL Group Made $3.9 Billion Takeover Bid; Talks Are Ongoing

Catlin Group Ltd. said it received a takeover approach from Ireland’s XL Group plc valued at about 2.5 billion pounds ($3.9 billion). The shares surged the most on record. Under the terms, XL would buy Catlin for 410 pence in …

XL Group Bolsters Marine Insurance Capabilities in Brazil With 2 Appointments

XL Group has appointed Nicolás da Silva as marine liability underwriter and Leandro Meili as marine risk engineer, strengthening its marine insurance capabilities in Brazil. Previously, da Silva worked at AIG Seguros Brasil, where he underwrote risks in marine including ports and terminal …

XL Group Launches Crime Insurance Unit; Bangs Named Chief Underwriting Offer

To help address businesses’ and financial institutions’ crime concerns, including embezzlement, fraud, and bribery, XL Group is launching a global crime business, under the leadership of Gregory W. Bangs who joins the company as chief underwriting officer of Crime Underwriting. Based …

XL Group Appoints Pitt to Head New Global Data, Analytics, Pricing Unit

XL Group’s global Insurance operation announced the appointment of Tim Pitt to the newly created role of Head of Data, Analytics and Pricing to help drive XL Group’s data, analytics and pricing strategies and best practices across its global insurance …

XL Names AIG’s Smith to Southeast Property Underwriting Post

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, …

Catlin Elected Chair of Association of Bermuda Insurers and Reinsurers

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 Offers Pre-qualification Service for Subcontractor Default Insureds

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 Unveils Enhanced Yacht Insurance

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 Appoints New Technical Officer of Brazil Unit

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 Latin …