Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company …
Axa SA Chief Executive Officer Thomas Buberl is betting the worst is over for insurance. His $15.3 billion purchase of XL Group Ltd., the company’s biggest ever, will make Axa the top provider of commercial casualty coverage just as premiums …
Following the completion of XL Group plc’s acquisition of Bermuda-based Catlin Group Limited on May 1, XL and Catlin have officially joined operations and launched a new brand, XL Catlin. A new global marketing campaign, reflecting the greater scale, ambition …
Acknowledging the announcement made by Catlin Group Limited, XL Group plc confirmed that it is engaged in preliminary discussions with Catlin regarding a potential transaction to acquire the company and form a combined entity. “Both XL and Catlin – respected, …
XL Group’s North America Property & Casualty insurance business has promoted Donna Nadeau to the position of chief operating officer, reporting to Joe Tocco, chief executive. Nadeau previously served as chief actuary. She assumes the COO role previously held by …
To meet the rapidly growing demand for cyber insurance in the US and Canada, XL Group’s Global Professional unit has established a North America Cyber & Technology Risk business unit. The company previously provided cyber and technology errors and omissions …
XL Group has enhanced its Excess Casualty team in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New York, XL Group added Tiffani Ann …
XL Group’s Specialty insurance businesses in North America are teaming up in a new Luxury Lines initiative, collaboratively extending their equine, aviation, yacht, fine art, and kidnap, ransom & extortion coverages to protect high net worth private customers and their …
Continued growth and regional expansion is creating more opportunities for XL Group’s North America property team, including promotions for Michele Sansone to chief underwriting officer and Wade Pitman to the newly created role of head of general property. Both report …
XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and head of claims for international property/casualty coverage. Miller joins from American International Group Inc. and will work in London, reporting …