XL Insurance Promotes Alex Blanco to Chief Underwriting Officer of Its Design Professional Group
New York, New York - June 27, 2007
EXTON, Pennsylvania, June 27, 2007 - XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the promotion of Alex Blanco to the position of Chief Underwriting Officer and head of its Design Professional group. The group is a specialized underwriting unit dedicated to providing professional liability insurance, loss prevention education and claims services to architects and engineers. Mr. Blanco will be based in XL Insurance’s Exton, Pennsylvania office.Commenting on Mr. Blanco’s promotion, Chief Underwriting Officer of XL Insurance’s Global Professional operations John Glancy said: “Alex’s proven management skills within our team and his deep understanding of the professional liability risks faced by this industry make him a strong and worthy leader for our Design Professional group.”“Alex understands our distinct business model that addresses the professional liability needs of architects and engineers, not only with quality insurance coverage, but with a special emphasis on loss prevention education and dedicated claims expertise as well. It is a model that continues to gain high satisfaction marks from our clients,” Mr. Glancy added. “Under Alex’s leadership, and with the continued support of our dedicated Professional Liability Agent Network (PLAN) agents, we will reinforce our leadership position in this market.”Mr. Blanco has over fifteen years of experience in providing underwriting, risk management and loss prevention services to the architecture and engineering community. Prior to joining XL Insurance, he held senior positions at Liberty International Underwriters, Marsh, and Royal and Sun Alliance. He is a graduate of the City College of New York.”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 and its products is available at www.xlinsurance.com.Through its operating subsidiaries, XL Capital Group is a leading provider of global insurance and reinsurance coverages and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of March 31, 2007, XL Capital Ltd had consolidated assets of approximately $62.1 billion and consolidated shareholders’ equity of approximately $11.3 billion. More information about XL Capital Ltd is available at www.xlgroup.com.
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