4 June 2014 Insurance

XL hires rail specialist from Arch

XL Group has added to its railroad insurance team with the appointment of Aldith Townsend as a new underwriter in its railroad business, part of XL Group’s global excess casualty division.

Townsend will be based in New York and report to senior vice president and railroad manager Denise DePrimo.

She joins XL Group’s dedicated rail team from Arch Insurance where she most recently served as a railroad underwriter.

Lorraine Seib, president of XL Group’s global excess casualty unit, said: “XL values underwriting talent. And we’re excited to attract high calibre talent, like Allie, whose industry knowledge and underwriting skills are invaluable in helping us effectively address industry-specific insurance needs while wisely growing our business.

“Allie is a welcome addition to our team adding more than 20 years of insurance underwriting experience, and nearly a decade dedicated to addressing the railroad industry’s risk management needs.”

DePrimo said: “Railroads play a very significant role in our supply chain and economy, carrying as much as 40 percent of the world’s freight cargo. Given the nature of their operations and the cargo that they are tasked with carrying, railroads face complex risks. That’s why they need to rely on the kind of specialized underwriting expertise and industry knowledge that Allie and our team brings to their risk management efforts.”

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