XL Insurance has appointed Richard DeSimone to the new position of president of its U.S. Ocean and Inland Marine unit.
Prior to joining XL Insurance, DeSimone served as president of the Travelers Insurance Ocean Marine unit. He was also president of St. Paul’s Ocean Marine unit, leading its integration with Travelers following the 2004 merger of both companies. He spent another 24 years in marine underwriting and management at the Atlantic Mutual Companies.
DeSimone will be based in New York and reports to Neil Robertson, chief executive, Global Specialty in London.
Robertson said XL intends to become “a more significant market” for both inland and ocean marine business in the U.S.
DeSimone will work with Colin Sprott, chief underwriting officer of Global Marine and Offshore Energy and Chris Smith as chief underwriter for Ocean Marine in North America.
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