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TheStreet Open House

Michele Sansone Named President Of XL Group's North America Property Business

NEW YORK, May 15, 2014 /PRNewswire/ -- XL Group today appointed Michele Sansone as President of its North America Property insurance business and head of its global risk engineering division, XL GAPS, effective immediately. 

Reporting to Joseph Tocco, Chief Executive of XL Insurance's North America Property & Casualty (P&C) unit in New York, Ms. Sansone is promoted to this leadership position from her role as Chief Underwriting Officer, Property.  She will now direct XL Group's property underwriting activities, including General Property and Energy Property business across the US, Canada and Bermuda. She will also oversee XL Group's global network of risk engineers who provide on-site property risk analysis and support clients' property loss prevention programs. 

According to Greg Hendrick, Chief Executive of XL Group's global insurance operations, "Over the last few years, Michele has grown a profitable book of business while, at the same time, taken on many extra challenges and responsibilities to help support our long term business strategy.  I'm pleased to recognize her leadership skills and her hard work that has helped us strengthen our market position. Michele is the latest example to show the ample growth opportunities we have here at XL."  

"XL's North America Property business has grown impressively -- more than doubling our book of business and Michele has played a big part of this success," said Mr. Tocco.  "With more than 25 years serving the global property market, Michele's knowledge of managing large global property risks is unparalleled. She is high energy and passionate about delivering global property protection with personal service.  She'll keep our team moving in the right direction, building on our profitable track record."

Ms. Sansone joined XL Group in 2011 from Zurich NA where she served as Senior Vice President and Northeast Regional Manager.  Most recently, she served as XL Group's Chief Underwriting Officer for North America Property as well as Senior Vice President and Eastern Regional Executive where she was responsible for managing XL's property underwriting, risk engineering activities and broker relationships throughout XL's Eastern Zone, from Miami, FL up through Maine.  

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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