NEW YORK, Sept. 3, 2013 /PRNewswire/ -- XL Group has added a Crisis Management team to provide corporate clients in the US with Product Recall, War, Terrorism and Political Violence, Kidnap, Ransom, and Extortion insurance. Led by Denise Balan in New York, the new team has underwriters based in New York and Boston, coordinating global coverage with teams in London and Singapore. According to Stephen Ashwell, Chief Underwriting Officer, Crisis Management, XL Group:
"Every day we are reminded in the news of the challenges our clients face in their day to day operations. We've brought together a winning team of underwriters who with decades of experience in Crisis Management will not only help businesses prepare and plan for these events but also manage one effectively when necessary."
"Under Denise's leadership, we're looking forward to building out our portfolio of crisis management products and preparing more companies to operate safely and protect their assets wherever their new business opportunities lie," noted Stephen. "We have already developed a strong reputation for providing product recall and contamination coverage and currently are underwriting war, terrorism and political violence coverage. In the near future, we look forward to announcing our new kidnap and ransom product currently under development."
Denise joins XL Group as Country Manager for the Crisis Management book in the US. Prior to new position at XL, Denise held various legal and underwriting management positions at AIG, including Profit Center Management of WorldSource's Crisis Management division and Head of Non-Profit & Developing Markets for Accident & Health."Our team provides single point access to XL's global capabilities," explained Denise. "With more than half a century of collective experience between us, we're looking forward to applying that experience to help XL's clients navigate a risk world with effective crisis management products and services."