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 Assembles Crisis Management Team In US

Stocks in this article: XL

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."  

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 16,471.17 +71.50 0.44%
S&P 500 1,923.99 +19.98 1.05%
NASDAQ 4,369.5520 +53.4780 1.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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