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
TheStreet Open House

XL Group Adds Railroad Insurance Expertise

Stocks in this article: XL

NEW YORK, June 3, 2014 /PRNewswire/ -- To meet the railroad industry's complex risk management needs, XL Group continues to build up railroad insurance expertise, now with the addition of Aldith "Allie" Townsend as a new underwriter in its Railroad business, part of XL Group's Global Excess Casualty division.  Ms. Townsend will be based in New York and report to Senior Vice President and Railroad Manager Denise DePrimo

"XL values underwriting talent. And we're excited to attract high caliber talent, like Allie, whose industry knowledge and underwriting skills are invaluable in helping us effectively address industry-specific insurance needs while wisely growing our business," said Lorraine Seib, President of XL Group's Global Excess Casualty unit.  "Allie is a welcome addition to our team adding more than 20 years of insurance underwriting experience, and nearly a decade dedicated to addressing the railroad industry's risk management needs."  

According to Ms. DePrimo, "Railroads play a very significant role in our supply chain and economy, carrying as much as 40% of the world's freight cargo.  Given the nature of their operations and the cargo that they are tasked with carrying, railroads face complex risks. That's why they need to rely on the kind of specialized underwriting expertise and industry knowledge that Allie and our team brings to their risk management efforts." 

Ms. Townsend joins XL Group's dedicated rail team from Arch Insurance were she most recently served as a railroad underwriter.

XL Group's railroad team provides risk management solutions including insurance and claims management assistance to railroads and rail-related companies across North America.  The XL Group insurance companies provide a variety of specific rail insurance coverages including Railroad Protective, Rail Contractor's Commercial General Liability, Primary Rail Equipment Liability and Excess Railroad Liability.  XL's dedicated railroad team services freight railroads,  transit, commuter and light rail systems, excursion and charter railroads, tourist railways, scenic railroads and private railcar owners, lessee or lessors of rail equipment, track owners, as well as rail contractors, service providers, and suppliers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 17,662.68 -9.92 -0.06%
S&P 500 2,053.12 +1.30 0.06%
NASDAQ 4,764.0090 +6.13 0.13%

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