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TheStreet Open House

XL Group Appoints John E. Goodloe President Of Its Excess & Surplus Lines Business

Stocks in this article: XL

NEW YORK, June 17, 2014 /PRNewswire/ -- XL Group has enlisted John E. Goodloe to lead its Excess & Surplus (E&S) business.  As President, he will direct underwriting operations, product distribution and strategic growth plans for XL Group's multiline E&S operation, which includes property, primary casualty, umbrella, excess casualty, and excess auto lines of business.  Mr. Goodloe will be based in Chicago and report to Joe Tocco, Chief Executive of XL Group's North America Property & Casualty operations in New York.

Commenting on the appointment, Mr. Tocco said:  "Businesses with hard-to-place risks turn to the E&S market to address their insurance needs.  To address such complicated risks, XL has pulled together a very seasoned team of dedicated surplus lines underwriters and a diverse portfolio of products to address more of our clients' complex risks.  We're delighted to have John join this team." 

"Under John's leadership, we look forward to building on our strong market reputation for addressing complex risks with innovative E&S solutions," continued Mr. Tocco.  "I believe John's unique combination of insurance, reinsurance and brokerage experience will be an asset helping our business continue its strategic growth plans, look for new business opportunities with our other product lines and expands its broker relationships."

Mr. Goodloe adds more than 30 years of specialty lines and reinsurance underwriting as well as management and wholesale brokerage experience to XL Group's North America P&C leadership team. He most recently served as Senior Vice President – Brokerage for the Scottsdale Insurance Company.  Prior to that, he was president of Facultative Resources, Inc. and president of the Admiral Excess, both part of WR Berkley Company.   He is a graduate of the University of Arkansas.

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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