This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

XL Group Promotes Matt O'Malley To Lead Environmental Business

EXTON, Pa., Feb. 4, 2013 /PRNewswire/ -- Pulling from a deep bench of  talent, XL Group plc's (NYSE : XL) insurance operations today promoted Matthew V. O'Malley, CPCU, ARe, CRIS to lead its Environmental business.  Mr. O'Malley previously  served as head of Environmental Underwriting Operations, overseeing the business' field operations and sales and marketing activities.  In his new role,  he   will lead all underwriting, field operations and sales and marketing and guide the growth of XL's Environmental business.  He reports to Seraina Maag, Chief Executive of North America Property & Casualty for XL's insurance operations. 

Commenting on the appointment, Greg Hendrick, chief executive of XL Group's global insurance operations, said: "XL Group has been writing environmental coverage for nearly three decades.  We're one of the pioneering environmental markets and we'll continue to take the lead in this market, now under Matt's guidance. Over the last few months, despite today's competitive conditions and new market entrants, we've seen our environmental team thrive, under his operational leadership.  We're looking forward to building on that success."

"Our longtime success in this market has been built and reinforced by the creative solutions and unwavering service that Matt and his team are dedicated to delivering day after day," said Ms. Maag.   "Environmental insurance protection is more important than ever.  When our customers are ready to acquire new businesses, buy and develop new property or take on growth opportunities in new countries, we'll be helping them break down any environmental liability concerns that may try to stand in their way."

Mr. O'Malley joined XL Group in 2004.  In addition to his Planning and Administration role, he also managed the Environmental group's Commercial Business Unit (CBU). During his 17-year tenure in the insurance industry, Matt has held numerous underwriting and management positions, He earned his BA in Economics and MBA with a specialization in Finance from Villanova University. Matt also holds the Chartered Property Casualty Underwriter (CPCU), Associate in Reinsurance (ARe), and Construction Risk and Insurance Specialist (CRIS) designations.  He also serves as a member of the Board of Overseers of the Graduate School of Education of the University of Pennsylvania.

About XL's Insurance Operations

XL 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  

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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs