XL Group News

XL Group’s Operating Net Income Increases During Q3

XL Group plc, headquartered in Dublin, reported operating net income of $187.1 million, or $0.70 per share, for the third quarter, compared to operating net income of $154.6 million in last year’s third quarter (primarily due to higher underwriting profit …

XL Expands Recreational Marine Business with 3 Programs

XL Group has launched three tailored marine insurance programs to protect boaters, marinas and vessels, adding to its recreational marine insurance portfolio. The new recreational marine liability insurance coverages include: Boat Dealers Coverage Solutions: To provide property insurance coverage for …

XL North America P/C Names Nadeau As Chief Operating Officer

XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …

Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’

A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective of …

XL Adds 3 Underwriters to Cyber & Technology Risk Unit in New York

XL Group’s Cyber and Technology business unit has added three underwriters, Sean Donahue, Elissa Doroff and Richard Schulz, to its New York-based team. Donahue joins XL Group from Dewitt Stern Group where he most recently served as vice president and …

XL Group Adds Kidnap, Ransom & Extortion to Yacht Insurance

XL Group is adding a Kidnap, Ransom & Extortion Crisis (KRE) endorsement to its existing ShipShape and ShipShape Plus recreational marine insurance coverages, with limits up to $50 million. Under the new endorsement, yachts insured by ShipShape can choose liability …

XL Group Adds Smelser to North America Property Team in Dallas

XL Group announced the addition of Jay E. Smelser to its North America property insurance team as South Central regional leader, based in Dallas. Smelser reports to Senior Vice President and Head of North America General Property Wade Pitman in Los Angeles. Smelser …

XL Launches Regional E&S Insurance Operation with Ex-Scottsdale Underwriters

XL Group has launched a regional underwriting operation in Scottsdale, Ariz. to offer brokers and clients in the Western U.S. more direct access to its excess and surplus insurance coverages The experienced underwriting team includes Scott Noffisinger, Katherine E. Schlueter, Rick M. Yale and Kim …

XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project

XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers installed across the U.S. The insurance cover …

XL Group Appoints Latham to Strengthen Captive Programs

XL Group announced the appointment of Matthew Latham as Head of Captive Programs, in a move which strengthens the Group’s offering to clients with captives. Jason Harris, Chief Executive, International Property & Casualty at XL Group commented: “The risk landscape …