XL Group's Bermuda Insurance Operations Announce Management Changes In Excess Casualty Unit
Hamilton, Bermuda - December 12, 2012
XL Group plc’s (“XL”) (NYSE: XL) Bermuda insurance operations, XL Insurance (Bermuda) Ltd (“XLIB”), today announced the appointment of Carla Greaves as Chief Excess Casualty Underwriter. As of August 1st Ms Greaves will succeed Beth Piggott who is retiring after a 24-year career with XLIB.Prior to her appointment, Ms. Greaves was Senior Vice President, Operations & Underwriting Manager of XLIB’s Excess Casualty Unit. In her new role, Ms. Greaves will be responsible for underwriting management within Excess Casualty and the development of core underwriting strategies and products, infrastructure and service capabilities. During her 17 years in the industry, Ms. Greaves has held progressively senior roles. She started her insurance career as an underwriter with XLIB in 1995. Subsequently, Ms. Greaves held senior management roles at several other established and start-up commercial insurance companies in Bermuda, including Allied World Assurance Company, Arch Insurance Company, ACE Bermuda Insurance Company and Torus Insurance (Bermuda) Ltd. She resumed her career with XLIB in June 2011.Ms. Greaves is a graduate of Warwick Academy and St. John’s University’s School of Risk Management (formerly the College of Insurance, New York). She received her Associateship of The Chartered Insurance Institute (ACII) professional designation in 1994 from the Chartered Insurance Institute in London, UK.Commenting on the senior management change, Lorraine Seib, who leads XL’s Excess Casualty global operations, said: “Carla’s appointment demonstrates the bench strength within XL’s Excess Casualty operations. We have a highly-trained team of experts who are willing and able to take on greater responsibilities to move XL forward. Given Carla’s vast industry experience, technical knowledge, collaboration, communication and leadership skills, I am confident that she will propel the excess casualty Bermuda operations to new heights.”XLIB President Patrick Tannock added: “I would like to thank Beth for her valuable contributions to XL during the past two decades. She has played an instrumental role in helping to grow XL’s original product and business. We wish her all the best in her upcoming retirement. We are also fortunate to have someone of Carla’s caliber step into this role. She is well respected within XLIB and the Bermuda market. Having worked with Carla previously and again during this past year at XL, I know that her leadership of the XLIB Excess Casualty Unit will further enhance XL’s position as the carrier of choice in Bermuda and globally.”About XL’s Insurance OperationsXL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit www.xlgroup.com/insurance
XL Group is the global brand used by XL Group plc’s insurance subsidiaries.
About XL Group plc
XL Group plc, 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. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit www.xlgroup.com
Christine WeirskyCommunication Director, North America