XL Group News

XL Group Launches Cyber Liability Coverage in Brazil

After last month’s launch of its cyber liability including professional indemnity coverage for technology companies, XL Group has announced “the launch of a second, more general cyber risks insurance solution serving mid- and large-sized companies across a broad range of …

Schmitz to Head XL Group’s Global Property Risk Engineering

XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services, a network of risk engineers who provide on-site property risk analysis and support clients’ property loss prevention programs. Schmitz is …

XL’s Excess Casualty Business Adds Damsky in Northern California

XL Group’s global excess casualty team has added Joanne Damsky as a senior underwriter in San Francisco. Damsky reports to Matt Stitham, vice president of excess casualty’s Western zone. Damsky has 20 years of experience in the excess casualty market.  She joins XL Group …

XL Group Hires Railroad Underwriter in New York

XL Group has hired Aldith “Allie” Townsend as a new underwriter in its railroad business, part of XL Group’s Global Excess Casualty division. Townsend will be based in New York and report to Senior Vice President and Railroad Manager Denise …

XL Appoints Allen to Head New Financial Lines Team M&A Division

XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions Insurance. XL responded to …

XL Group Posts $255.7 Million Q1 2014 Net Income; $238.6 Million Operating

The XL Group announced from its Dublin, Ireland headquarters that net income for the first quarter of 2014 was $255.7 million, or $0.91 per share, for the quarter on a fully diluted basis, compared to $350.79 million in Q1 2013. …

Chanona joins XL Group as Senior Marine Underwriter in Mexico

A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In order to beef up the company’s presence in the country …

ProHost, XL Group Partner on Restaurant Insurance Package

ProHost USA, a Minneapolis, Minn.-based national program administrator specializing in restaurant insurance for 25 years, announced it is partnering with XL Group to provide packaged insurance coverages for fine dining and family restaurants. The exposures faced by high-end restaurants include …

Broker/Insurer Combo Launch Food and Beverage Industry Contamination Coverage

Willis Group Holdings has announced the launch of a new product contamination insurance proposition, in partnership with XL Group, Willis Limited’s Food and Drink and Faber Global teams, in association with BRC Global Standards – the world’s biggest provider of …

XL Acquires Global Ag Insurance to Expand Crop Coverage

XL Reinsurance America Inc., a subsidiary of XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, has acquired Global Ag Insurance Services LLC to add sales of coverage to farmers in the U.S. West. Global Ag provides …