XL Group's Operations Open New Office in Bangalore
New York, New York - November 24, 2014
XL Group, the global insurer and reinsurer, today announced that it has opened offices at a second location in India with staff now based in Bangalore, Asia’s fastest growing cosmopolitan city.
The company, which already has approximately 900 employees delivering business support in Gurgaon, Haryana, plans to build its Bangalore team to 300 employees providing underwriting support, claims administration, actuarial services, finance and accounting, and more. Initially XL Group has taken space on the Embassy Tech Village Campus but will move to a larger office, on the same campus, by mid-2015.
Commenting Myron Hendry, Executive Vice President and Chief Platform Officer at XL Group, said: “We are proud to announce our new presence in Bangalore; it marks our ongoing commitment to hiring talent and developing expertise for our operations in India.”
XL Group’s country head for India, Derek Nazareth, added: “India plays a huge part in supporting XL Group’s global business and in delivering its growth targets. Our ambition is for our operations here to become centers of excellence for the Group.”
Mr. Nazareth continued: “We chose Bangalore because the city has a reputation for top talent and hiring, retaining and developing talent is at the heart of our human resources strategy.”
XL Group’s operations in India date back to 2004 when the company opened in Gurgaon. Today the Group’s International Leadership Team recognizes the valuable contribution and capabilities XL Group’s operations in India is making and has made the opening of a Bangalore office a strategic priority.
About XL Group plc
XL Group plc (NYSE:XL), 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. To learn more, visit xlgroup.com
XL Group is the global brand used by XL Group plc’s insurance and reinsurance subsidiaries.