XL Insurance Increases New England Presence with Office in Boston
HAMILTON, BERMUDA - October 01, 2008
New York, NY, October 1, 2008 – XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the opening of a new regional office in Boston. The office, located at 470 Atlantic Avenue, will provide insurance agents, brokers and their clients in the region local access to XL Insurance’s property, casualty, professional and specialty insurance coverages."Boston is a key business hub not only for financial services firms and technology companies but also for a number of diverse industries including manufacturing, real estate, and construction to name a few," said Dennis Kane, XL Insurance's Chief Operating Officer of the Americas. "The city offers XL Insurance ample opportunities to help businesses across many industries discuss their insurance needs with underwriters who are very familiar with their industry-specific risks and the coverages that can most effectively manage them."Mr. Kane continued: "This new office boosts XL Insurance's physical presence in one of our key markets and puts our underwriters closer to our clients."According to Northeast Business Development Executive Thomas E. Carroll: "Boston is a great place to do business. During the last five years, our business has grown here and interest in our coverages continues to increase. As more local companies do business around the world, they are pleased to know that we can help them not only with domestic coverages, but through our global network, we can help them with insurance coverage in some 100 countries."XL Insurance recently announced the appointment of David Molitano to a new Boston-based underwriting position to help clients address technology error & omission (E&O) risks. In addition to Mr. Carroll and Mr. Molitano, key contacts in the new Boston office include Environmental Underwriting and Industry Relations Advisor David P. Oldow, Senior Property Underwriter Neil Finn, and Excess Casualty Underwriting Manager Thomas Nosek.Mr. Carroll added; "As we have done in other cities like Chicago and Toronto, we anticipate continuing to build out our local underwriting and product expertise to further accommodate our clients' insurance needs."XL Insurance has offices throughout North America including in Toronto, Montreal, Dallas, Houston, Los Angeles, San Francisco, Chicago, Hartford, New York and Exton, Pennsylvania. The XL Insurance companies provide more than 60 insurance products in the property, casualty, professional liability and specialty insurance lines, such as marine and offshore energy, environmental, fine art and aviation coverages."XL Insurance" is the global brand used by member insurers of the XL Capital Ltd group of Companies. More information about XL Insurance 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.
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