XL Insurance, the global insurance operations of XL Capital Ltd, has opened a new regional office in Boston.
The office, located at 470 Atlantic Avenue, will provide insurance agents, brokers and their clients in the region local access to XL Insurance’s property, casualty, professional and specialty insurance coverages.
“Boston is a key business hub not only for financial services firms and technology companies but also for a number of diverse industries including manufacturing, real estate, and construction to name a few,” said Dennis Kane, XL Insurance’s chief operating officer of the Americas. “The city offers XL Insurance ample opportunities to help businesses across many industries discuss their insurance needs with underwriters who are very familiar with their industry-specific risks and the coverages that can most effectively manage them.”
He said the new office boosts XL Insurance’s physical presence in “one of our key markets and puts our underwriters closer to our clients.”
According to Northeast Business Development Executive Thomas E. Carroll, “Boston is a great place to do business. During the last five years, our business has grown here and interest in our coverages continues to increase.”
XL Insurance recently announced the appointment of David Molitano to a new Boston-based underwriting position to help clients address technology errors and omission risks. In addition to Carroll and Molitano, key contacts in the new Boston office include environmental underwriting and industry relations advisor, David P. Oldow; senior property underwriter, Neil Finn, and excess casualty underwriting manager, Thomas Nosek.
Source: XL Insurance
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