XL Insurance Names New Head of Technology E&O Products; Builds Out Miscellaneous Professional Liability Underwriting Team
London, UK - July 15, 2009
EXTON, Pa., July 15, 2009 – XL Insurance, XL Capital Ltd’s global insurance operations, today named Scott Schleicher to manage its Select Professional unit’s Technology E&O book of business. XL Insurance also announced the build out of its miscellaneous professional liability underwriting team with the addition of three Senior Underwriters -- Stephen Adam and Craig Wild in Hartford, CT and Steven Anderson in Dallas, TX. Mr. Schleicher will be based in XL Insurance’s Exton, Pa. office.According to Don Allard, Chief Underwriting Officer of XL Insurance’s Select Professional unit: “We are pleased to bring together such a talented underwriting team. Our professional liability coverages help protect service-providers’ livelihoods and thus need to be tailored to effectively meet their specific risk management needs. Our clients will certainly benefit from our teams’ insight and extensive underwriting experience with the specific service industries we serve.”XL Insurance’s Select Professional unit works with brokers and wholesalers to address the Errors & Omission (E&O) insurance needs of small to mid-size service providers including lawyers, consultants, TPAs, ad agencies, franchisers, real estate agents, insurance agents, technology companies and non-medical service providers.“With businesses’ reliance on technology, the issue of cyber liability is becoming a bigger risk management issue for many of our clients. Data loss, network hacking, or breaches of employee or customer information are a few of the technology risks they face,” Mr. Allard added. “Scott’s experience will be invaluable as he leads our efforts to address our clients’ growing tech risk management needs. His efforts are further supported by Steven, Craig and Stephen who also bring strong tech liability underwriting experience.”Mr. Schleicher joins XL Insurance with two decades of broker and underwriting experience including his most recent tenure with the Technology Business Unit of ISG International, a division of Arthur J. Gallagher. He will be responsible for XL Insurance’s technology products which provide network security, privacy liability and media liability coverage for various industries.Mr. Adam honed his miscellaneous professional liability experience with underwriting positions at Aspen Specialty Insurance and Chubb Specialty.Mr. Wild joins XL Insurance from Lee & Mason Financial Services where he was the primary underwriter for a book of miscellaneous professional liability business. His career includes various underwriting and management positions with Guilford Specialty Group, Chubb, Executive Risk and The Aetna. He holds Chartered Property & Casualty Underwriter (CPCU), Registered Professional Liability Underwriter (RPLU) and Associate in Surplus Lines (ASLI) designations.Mr. Anderson’s 15-year career includes underwriting positions with Retired Directors Assurance Underwriting Services (RDAUS), RLI and Travelers as well as technical and sales engineering positions with Cisco Systems and Virtual Village, Inc. He earned an RPLU designation as well.About XL Insurance"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. For more information about XL Tech E&O coverage visit: http://www.xlinsurance.com/xltech. 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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