xl group plc (XL) Key Developments
XL Group plc Launches Kidnap and Ransom Insurance Capability in Asia
Sep 12 14
XL Group Plc announced the transfer of Alex Smith to Asia to establish the group's Kidnap and Ransom insurance capability in the region and enhance its local crisis management team. The move is in line with the XL Group's strategy to further add capacity and capability to its operations across Asia Pacific, strengthening its team of first tier underwriters and other insurance professionals. In addition, the transfer will result in XL Group being one of the few global insurers with a locally based underwriter specializing in Kidnap and Ransom cover, including piracy, to organizations and individuals in Asia. XL Group's establishment of its Kidnap and Ransom capability in Asia is in response to a growing demand for such products from both organizations and high net-worth individuals in the region.
XL Group Appoints Emmanuel Jacquemin as General Manager of Reinsurance Operation in Colombia to Replace Hernan Moreno
Sep 11 14
XL Group Plc has appointed Emmanuel Jacquemin as new general manager of its reinsurance operation at Bogota office in Colombia. Additionally, Mr. Jacquemin will act as the company's legal representative as well as assuming responsibility for Property and Engineering Underwriting Referrals for Latin America. This is effective from October 10, subject to the approval of the local supervisory authority. Mr. Jacquemin has worked at XL Group since 2002 on various books of business. He is taking on the role from Hernan Moreno who, after a successful career at XL Group, has decided to retire from the group.
XL Group Appoints Matthew Latham as Head of Captive Programmes
Sep 10 14
XL Group announced the appointment of Matthew Latham as Head of Captive Programmes. Mr. Latham will initially focus on UK and Continental Europe, providing a focal point for all captive insurance arrangements. He joins XL Group from AIG where he spent nine years, most recently leading the UK client management team looking after AIG's UK clients.
XL Group plc Expands Marine Team on West Coast
Sep 4 14
XL Group announced the addition of Mikki K. Williams as Regional Vice President, and Bruce Pichon as Inland Marine Manager to its North America Marine business' West Region. Based in Los Angeles, Mr. Pichon reports to Ms. Williams who will be based in XL Group's San Francisco office and report to Michael Perrotti, Senior Vice President, Marine Field Operations. Prior to joining XL, Ms. Williams was Regional Vice President of the North West Region for Allianz Marine North America and was responsible for building a profitable marine portfolio for more than 18 years. Mr. Pichon joins XL Group from Starr Companies where he held the position of Zonal Inland Marine Manager and was responsible for building a profitable book of business in the West Region. In her role at XL Group, Ms. Williams will be responsible for managing and building XL Group's Marine Cargo, Primary and Excess Marine Liability, Inland Marine, and Brown Water Hull business throughout the West Region. In his new role at XL Group, Mr. Pichon will be responsible for building XL Group's Inland Marine writings throughout the West Region.
XL Group's Cyber and Technology Business in North America Introduces New Insurance Policy
Sep 3 14
XL Group's Cyber and Technology business has introduced a new insurance policy that extends enhanced protection to businesses that are growing more concerned with cyber and technology risks. XL Group's cyber insurance policy provides both liability and first party protection after a company sustains a data breach, including both the legal and voluntary data breach notification and crisis management costs, loss of business income, costs to recover data, costs to respond to regulatory inquiries or an investigation and costs to defend and indemnify any subsequent third party claims including class action claims. The product is also designed to respond to technology errors and omissions and media liability acts.