XL Group today announced that Raymond Chiusano has been appointed Senior Vice President, Chief Property Underwriter in XL’s Bermuda Insurance operations.
Mr. Chiusano, who will report to President of XL Insurance (Bermuda) Ltd Patrick Tannock, is responsible for leading XL Group’s new Property dual platform access strategy in Bermuda.
The recently-implemented strategy allows XL Group to increase clarity for brokers regarding appropriate access points and improves alignment between XL Group’s US, Canada and Bermuda, also known as North America, Property operations. Under the strategy, accounts meeting certain criteria, quota-share and excess-only capacity with minimum attachments of $100 million will be serviced from Bermuda. The US and Canada Property teams will provide primary coverage below the Bermuda attachment point for accounts that meet the same criteria.
Prior to his appointment, Mr. Chiusano was based in New York as Vice President, Senior Property Underwriter in XL Group’s North America Property Eastern Zone where he was responsible for managing general property large accounts, many of which were Global Fortune 1000 clients, representing multiple industries. He was also responsible for growth and production of new business, including marketing to multiple brokers throughout the Northeast US.
Before joining XL in 2007, Mr. Chiusano worked as an Account Manager/Underwriter at FM Global in Parsippany, New Jersey. He holds a Bachelor of Science degree in Finance from Rutgers, The State University of New Jersey.
Commenting on the appointment, President of XL Group’s North America Property & XL Global Asset Protection Services, Joe Tocco, said: “This appointment represents the depth of talent within XL’s North America Property operations. Ray has been a valuable asset since joining XL. He has solidly contributed to business growth in the Eastern Zone and has established himself as a respected leader among his colleagues and peers.”
Mr. Tannock added: “Given Ray’s strong portfolio management and leadership skills, I am confident that the Bermuda Property team, with the dual platform strategy in place, will strengthen the profitability of the Property portfolio while continuing to meet the needs of brokers and clients.”
About XL Group plc’s Insurance Operations
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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 www.xlgroup.com
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