Greg Hendrick News

How AXA Wooed and Won XL Group in $15.3B Takeover Deal

AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual gathering of the …

XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA

XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that XL has entered into an agreement to be acquired by French insurer AXA. Dear Valued Partners, We wanted to let …

XL Catlin Gets Approval to Open Reinsurance Branch in India

XL Catlin’s reinsurance business group that it has received final approval from the Insurance Regulatory Development Authority of India to open an onshore reinsurance branch office of XL Insurance Company SE. The operation, which will be based in Mumbai and …

XL Catlin Names Gale & Littlemore to Lead Bermuda, London Reinsurance Units

XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance, subject to Bermuda Immigration approval, while …

Update: XL Group to Realign P/C Operations with Senior Leadership Team Named

Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of Jan. 1, 2017. The new P/C organizational structure will consist of …

XL Catlin Applies for License to Open Reinsurance Branch in India

XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic …

XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore …