XL Group News

XL Appoints Turner as Lead Consultant for Complex Accounts Team

XL Group announced it has appointed Rob Turner as lead consultant to establish its Complex Accounts capabilities in London. The company said it set up its Complex Accounts team in 2012 because it saw the opportunity and the market requirement …

XL Group Introduces New Excess Executive Liability Form

XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive of XL Group’s Global Professional team, potential defense costs …

XL Expands German Professional Indemnity Offering With Heienbrok Appointment

XL Group has expanded its professional indemnity offering in the German market with the appointment of Jens Heienbrok as professional indemnity manager. XL Group said it made this strategic appointment because the market for professional indemnity insurance cover in Germany …

AXIS Says Debt-Free Merger With PartnerRe Paves Way for More Deals

The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new firm with ample capacity to …

XL’s McGavick Receives St. John’s 2014 Insurance Leader of the Year Award

St. John’s University’s School of Risk Management (SRM) in New York hosted its 20th Annual Insurance Leader of the Year Award Dinner on Jan. 21 in honor of Mike McGavick, chief executive officer of XL Group plc. The event, held …

XL Group Adds to Insurance Underwriting Team in Dallas

XL Group announced the addition of global risk management, construction primary casualty and inland marine underwriting expertise in its Dallas office. XL Group’s newest insurance underwriters include: Kristen Hough joins XL Group’s marine underwriting team as senior marine underwriter for …

Proposed XL Acquisition of Catlin Gets Review From Rating Agencies

A.M. Best and Standard & Poor’s have weighed in with their comments about XL Group’s announced agreement to acquire Catlin Group Ltd. for $4.1 billion in cash and stock. A.M. Best placed the financial strength rating of XL Group and …

XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal

XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to nearly 10 percent. The deal is the …

XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena

Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief Executive Officer Mike McGavick said. In the past, capital-markets partners would “pat you on the head and they’d say, ‘You …

Dwyer Joins XL Group’s Distribution & Network Team in New York

XL Group’s Distribution & Network team has added June H. Dwyer as Northeast regional lead. Based in XL Group’s New York office, Dwyer reports to Ken Riegler, head of XL Group’s North America Distribution and Network team. Dwyer joins XL …