XL Insurance Appoints Michael D. Martin Chief Property Underwriter for the Americas
London, UK - January 06, 2009
NEW YORK, January 6, 2009 - XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL) (“XL”), today named Mike Martin as Chief Property Underwriter for the Americas.Commenting on the appointment, John Gallagher, XL Insurance’s Chief Underwriting Officer for Global Property, said: “Mike’s appointment is well-deserved. It underscores his solid track record for profitable underwriting and his commitment to providing XL Insurance clients with appropriate property coverages, risk engineering and loss prevention guidance. Mike’s technical underwriting expertise, knowledge of our clients’ industries and overall enthusiasm personifies why XL Insurance’s property team has the reputation that it does in our market.”Mr. Martin was previously XL Insurance’s Property Underwriting Manager for the Southeastern U.S. and Latin America. He joined XL Insurance in 2001 when XL acquired Winterthur International. Prior experience also included working with Industrial Risk Insurers. Throughout his career, Mr. Martin has garnered considerable global underwriting experience from his management responsibilities for XL Insurance’s property underwriting in Latin America as well as from positions held in Zurich, Bermuda, Chicago, Dallas and North Carolina.According to Mr. Martin, “We have a strong domestic and international business model that allows XL underwriting teams to offer our clients large blocks of Property capacity as well as provide value added services via XL’s global platform. Additionally, our risk engineers are dedicated to not only helping us in the underwriting process but helping our clients find effective ways to identify potential risks and the best ways to prevent and reduce the probability of future losses. Whether it is helping clients prepare for hurricane season or an expansion of their facilities, XL Insurance invests the time and the underwriting and engineering talent necessary to help our clients actively manage property risks.”About XL Insurance"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance is available at http://www.xlinsurance.com. Through its operating subsidiaries, XL Capital Ltd is a leading provider of global insurance and reinsurance coverage and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlgroup.com.
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