Last $31.19 USD
Change Today -0.14 / -0.45%
Volume 2.6M
XL On Other Exchanges
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Berlin
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

xl group plc (XL) Key Developments

XL Group Announces New Underwriting Agreement with ProHost USA

XL Group, and ProHost USA, Inc., have announced a new underwriting agreement to provide a packaged insurance solution designed for dining and family restaurants. XL Group's North America Program business teams up with program administrators like ProHost USA to underwrite, market, and administer insurance products targeted at niche markets or classes of business. ProHost provides property, general liability, boiler and machinery, and liquor liability insurance coverages to restaurants ranging from fine dining to casual family dining.

XL Group plc Promotes Michael Gramm to Vice President, Excess

XL Group plc's Surplus Lines unit promoted Michael Gramm to Vice President, Excess. Previously, Mr. Gramm served as Vice President - Excess Auto business, leading a team that helps business address transportation risks. In his new role, he assumes underwriting management responsibility for all of XL’s Surplus Lines’ excess business including commercial umbrella and excess casualty books of business. Mr. Gramm reports to Michael Garceau, XL Group’s Chief Operating Officer for North America Property and Casualty. Mr. Gramm joined XL from Markel Corporation where he was Director, Transportation Product Lines.

XL Group Plc Promotes Catherina MacCabe to Chief Underwriting Officer of Management Liability for International Financial Lines

XL Group Plc has promoted Catherina MacCabe to chief underwriting officer of management liability for International Financial Lines. In this role she will focus on driving expansion in XL Group's international markets (Europe, Asia Pac and Latin America), and diversifying XL Group's management liability portfolio of Directors & Officers, Public Offering Securities Insurance, Employment Practices Liabilities and Pension Trust Liabilities insurance products to ensure the optimal balance of business. Mrs. MacCabe joined XL Group in 2011 and worked as Deputy CUO, Management Liability.

XL Group and American Specialty Sign Joint Underwriting Agreement

XL Group plc, has announced that its North America programs business and American Specialty Insurance & Risk Services, Inc. have signed a new joint underwriting agreement to offer insurance programs for sports and entertainment industries.

XL Group plc Announces Management Changes

XL Group plc has announced that its excess casualty team has promoted Ron Pardo to fill the newly created role of chief casualty officer in North America, and Matt Stitham to fill Mr. Pardo's former position as vice president of Western Zone. In his new role, Mr. Pardo will take on greater underwriting management responsibilities including creating, implementing and executing the business' strategic growth plan for all of North America. Mr. Pardo will remain in San Francisco and continue to report to Lorraine Seib, President of XL Group's Global Excess Casualty business. Formerly Executive Underwriter, Mr. Stitham will be responsible for managing XL's Excess Casualty Underwriting Operations in the Western US, including San Francisco and Los Angeles. He joins XL Group's North America excess underwriting regional management team which now reports to Mr. Pardo and also includes Eastern Region Underwriting Manager Lou Forte in New York and Central Regional Underwriting Manager Maria Miramontes in Chicago.

 

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XL

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Valuation XL Industry Range
Price/Earnings 8.6x
Price/Sales 1.2x
Price/Book 0.9x
Price/Cash Flow 8.2x
TEV/Sales 0.4x
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