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XL Group Promotes Two In North America Property Business

Stocks in this article: XL XLG

NEW YORK, Jan. 31, 2014 /PRNewswire/ -- 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 to Joseph Tocco, President of XL's North America Property unit.

"Over the last few years, our book of complex property risks has grown impressively and this has created opportunities for our team to grow with it," said Mr. Tocco. "In their prior positions, Michele and Wade both proved effective in managing XL's property underwriting activities in our East and West US zones and now, they are taking on larger underwriting management responsibilities, for all of North America."

"With more than 50 years of global property underwriting experience between them, Michele and Wade's knowledge of managing large global property risks is unrivalled," said Mr. Tocco.  "Given their proven track records and passion for this industry, we expect that they'll be very effective in driving our continued success and profitable growth in North America."

Ms. Sansone joined XL Group in 2011 and most recently served as Senior Vice President and Eastern Regional Executive.  In her new role, she will be responsible for establishing underwriting standards and protocols across XL Group's North America Property operation in her new role.  She is based in XL's New York office.

Mr. Pitman will assume management responsibility for XL's regional property underwriting operations in New York, Atlanta, Chicago, Dallas, Los Angeles and San Francisco.   In addition to providing property coverages, he and his team will assist in coordinating risk engineering services for XL's property clients through XL Global Asset Protection Services (XL GAPS), its loss prevention consulting firm.  Mr. Pitman also joined XL in 2011 as Senior Vice President and Western Senior Executive for Property.  Mr. Pitman will remain based in Los Angeles

About XL Group plc'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 xlgroup.com/insurance

About XL Group plc XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.   XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com

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

SOURCE XL Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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