XL Insurance Group

    specialty risk products

    NYSE: XL
    Headquarters: 1 Hatch Street Upper Dublin 2 Ireland
    http://www.xlgroup.com/xlg/xlg/xls.jsp

    2009 Net premiums earned: $5.7 billion

    Key Officers: Michael McGavick, Chief Executive Officer, Director; David B. Duclos, Executive Vice President, Chief Executive of Insurance Operations; Irene Esteves, Executive Vice President & Chief Financial Officer

    The XL Group consists of two primary business segments that involve large groups of subsidiaries that offer insurance and reinsurance on a global scale. Through the XL Insurance Company, the company offers commercial property, casualty, and specialty risk products to large commercial organizations. Insurance lines include professional liability, environmental liability, aviation and satellite, marine and offshore energy, equine, fine art, and excess and surplus lines. XL Reinsurance provides reinsurance in the areas of casualty, property risk, marine, aviation, property catastrophe, and other specialty types.

    The company was founded as the EXEL Group in 1986 by 68 of the world’s largest corporations as a response to a shortage of U.S. liability insurance. The company recently changed its name in July of 2010 from XL Capital Ltd. As of 2009, the XL Group had $45.6 billion in total assets.

    A.M. Best recently gave the XL Group an “A” rating for financial strength. Additionally, each of the companies under the XL Insurance and XL Reinsurance families received “A” ratings.

    Sources: Xlgroup.com.com, Hoover’s

    Compiled by Life Quotes, Inc. staff

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