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Chris Dougherty Joins XL Group's Global Insurance Operations As Chief Financial Officer

STAMFORD, Connecticut, Sept. 10, 2012 /PRNewswire/ -- XL Group plc ("XL") (NYSE: XL) today announced the appointment of Chris Dougherty to Chief Financial Officer - Insurance.  In this role, Mr. Dougherty will be responsible for overseeing financial reporting and planning, accounting, budgeting and financial analysis for XL Group's global insurance operations.

According to Greg Hendrick, Chief Executive of XL Group's Insurance operations, "XL continues to attract some of our industry's top talent. With a diverse background as an underwriter, actuary and a risk officer, Chris will be a valuable addition to our leadership team.  He will play an integral role in our constant evaluation of our business lines' performance to help us refine our businesses' portfolios and seek new profitable opportunities to deliver innovative insurance solutions to our clients globally."   

Commenting on the appointment, XL Chief Financial Officer Pete Porrino said:  "We're excited to have Chris join us.  Our insurance businesses are poised to continue their margin expansion and Chris will play a crucial role on our Insurance Leadership Team, helping guide our activities for continued profitable growth."

Mr. Dougherty joins XL from Axis Capital Holding Limited where he served as Chief Risk Officer of its reinsurance operation since 2009.  He brings to XL more than 20 years of experience in the property and casualty insurance business in a variety of underwriting, finance, risk management and actuarial roles.  A graduate of the University of Notre Dame, Mr. Dougherty is an associate of the Casualty Actuarial Society.

About XL's Insurance OperationsXL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance.  

XL Group is the global brand used by XL Group plc's insurance subsidiaries.

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