XL Hires Another ACE Executive for Its New York Team

December 20, 2011

XL Group’s North America primary casualty group appointed industry veteran Jay Lefkowitz to a newly created position of head of U.S. risk management.

Lefkowitz is based in New York and reports to Ken Riegler, who is another recent arrival at XL. Riegler was appointed president of XL’s North America primary casualty group earlier this month. Both Lefkowitz and Riegler come from ACE.

“Together we all look forward to building on an impressive reputation and book of business. XL continues to attract and retain some of our industry’s most experienced professionals,” said Riegler.

In his new role, Lefkowitz will direct the group’s U.S. risk management team which provides auto liability, general liability and workers’ compensation coverage to U.S.-based businesses.

Most recently, Lefkowitz was at ACE Risk Management where he served as president of national accounts, managing all aspects of underwriting, claims, audits and adjustment, staffing, account retention and production.

Prior to joining ACE in 1999, he was vice president of AIG’s risk management group where he formed the company’s M&A group (which was a multi-line insurance products group catering to private equity firms and their portfolio companies.)

His 20-plus-year insurance career also includes underwriting positions with CNA, Atlantic Mutual and Home Insurance Company.

XL Group companies have 60 offices in more than 20 countries with 4,000 employees. As of Sept. 30, 2011, the company had consolidated assets of $46.6 billion and consolidated shareholders equity of $10.9 billion. XL’s insurance segment provides property, casualty, professional and specialty insurance products.

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