XL Insurance News

XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company

Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S. Allied is a leading …

Dewey & LeBoeuf Ex-Chairman Agrees to Proposed $500,000 Settlement to Resolve Claims

The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey’s trustee and insurer to resolve claims that bad management led to the law firm’s demise, according to …

XL, Fisker Reach Settlement Over Sandy-Damaged Cars at N.J. Port

XL Insurance America Inc. and Fisker Automotive Inc. reached an agreement last week over an insurance dispute involving hundreds of hybrid cars at a New Jersey port that got wrecked by Superstorm Sandy. “Fisker Automotive and XL Insurance America were …

How Relevant Is Insurance? Asks XL CEO McGavick

XL Group CEO Mike McGavick asked a provocative question in a keynote speech at the European Insurance Forum in Dublin last week. How relevant is the insurance industry in today’s globalized world? “The [percentage of] value insurance adds to the …

Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case

A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider …

Harris Joins XL Group from Chartis as Chief Executive-International P&C

The insurance segment of XL Group plc announced the appointment of Jason Harris as Chief Executive of its International P&C Insurance business. He will be based in London and report to Greg Hendrick, CEO of XL’s insurance segment. Upon joining …

Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit

Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL’s insurance segment upon the retirement of Dave Duclos, the current insurance head. Hendrick, currently XL’s executive vice president for strategic growth, will assume …

XL Insurance Adds Chase in Boston, Mandziara in Chicago

XL Insurance, the global insurance underwriting operations of XL Group plc, has appointed two vice presidents – senior program executives to its North America program team, adding Virginia Chase in Boston and Michael B. Mandziara in Chicago. Chase joins XL …

XL Insurance Names Hookings as Australian Environmental Underwriter

XL Insurance, the global insurance operations of XL Group plc, announced the appointment of Andrew Hookings as Environmental underwriter for Australia. He has over 10 years’ insurance industry experience, most recently as Client Relationship Manager for XL Insurance in Sydney. …

First Responder Fees: Insurers Should Expect to Pay More

While fee recovery by fire departments is nothing new, an increasing number of local municipalities have begun to charge for first responder, primarily fire department, services. Though the types of fees and rates vary considerably, one thing is clear – …