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TheStreet Open House

XL Group Promotes Ron Pardo And Matt Stitham In Excess Casualty

Stocks in this article: XL

NEW YORK, March 5, 2014 /PRNewswire/ -- To drive continued growth in its excess casualty and lead umbrella business in the US and Canada, XL Group's Excess Casualty team today announced the promotion of Ron Pardo to fill the newly created role of Chief Casualty Officer in North America.  Additionally, Matt Stitham has been promoted to fill Mr. Pardo's former position as Vice President, Western Zone.   

In his new role, Mr. Pardo will take on greater underwriting management responsibilities including creating, implementing and executing the business' strategic growth plan for all of North America.    Mr. Pardo will remain in San Francisco and continue to report to Lorraine Seib, President of XL Group's Global Excess Casualty business.  

Formerly Executive Underwriter, Mr. Stitham will be responsible for managing XL's Excess Casualty Underwriting Operations in the Western US, including San Francisco and Los Angeles.  He joins XL Group's North America excess underwriting regional management team which now reports to Mr. Pardo and also includes Eastern Region Underwriting Manager Lou Forte in New York and Central Regional Underwriting Manager Maria Miramontes in Chicago.

According to Ms. Seib, "This team continues to beat expectations on many levels.  We've seen tremendous growth over the last few years and see even more opportunities ahead of us.  Ron's new role will help us establish best practices, roll out effective tools and metrics and boost team collaboration globally so that we are all well equipped to continue on this profitable growth tract."

A 26-year veteran of the insurance market, Mr. Pardo honed his casualty and specialty casualty underwriting skills with positions including  Allied World and AIG.  He joined XL Group in 2007 to establish the company's Excess Casualty underwriting operations on the west coast.  He is a graduate of California State University Fresno. 

Mr. Stitham was promoted to his most recent Executive Underwriter position in 2012.  He began his tenure with XL in 2007, after holding underwriting positions most recently with Travelers.  He is a graduate of the University of New Hampshire.

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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