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London, England – 9th May 2012 – XL Group plc's (NYSE: XL) insurance operations ("XL Group") has announced its sponsorship of the annual StrategicRISK European Risk Management Awards. Now in their ninth year, the awards recognise individuals and organisations who demonstrate excellence in risk management strategies. XL Group is dedicated to providing complex risk solutions for its clients and is proud to celebrate excellence and innovation in Risk Management

The award winners were announced at a ceremony held in London on Tuesday May 8th. Paolo Ribotta, Head of Global Distribution and Network for XL Group, presented the Risk Manager of Year award to John Ludlow, Head of Risk for InterContinental Hotels Group.

Jason Harris, Chief Executive of XL Group's International P&C insurance business, said: "We are delighted to be the sponsor of this year's StrategicRISK European Risk Management Awards. Developments such as globalization, the increased use of technology and the introduction of end-to-end processing have led many companies to look at their risks in a more holistic way and enterprise risk management has become an issue at the most senior executive management level. This means that risk managers and their teams need to have a different level of visibility within their own companies. These awards represent a contribution to that end.

"Moving forward means risk. We congratulate the outstanding risk management practitioners who are this year's award winners."

The entries for each European Risk Management award are assessed by an independent panel of judges, who each have in-depth and international risk management experience.

StrategicRISK is a risk management publication which comprehensively covers risk, insurance buying, corporate governance and related issues for the European markets including the UK.

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 xlgroup.com/insurance

XL Group is the global brand used by XL Group plc's insurance companies.

About XL Group plcXL 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 xlgroup.com