This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

XL Group Promotes Ron Pardo And Matt Stitham In Excess Casualty

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.

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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

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