XL Group appoints executive to board of directors
Re/insurer XL Group has appointed James Nevels to the company's board of directors.
Nevels currently serves on the boards of First Data and Alcoa Corporation, and as lead independent director of WestRock. In addition, he is currently a member of the board of trustees of PGA REACH, member of the board of trustees of Trout Unlimited and member of the Council on Foreign Relations.
Nevels has extensive financial services and board experience, including as chairman of The Swarthmore Group, an investment advisor firm he founded in 1991, and as chairman (2009-2015) and lead independent director (2015-2017) of The Hershey Company, according to the statement. He also served in senior roles at Prudential-Bache Securities and Smith Barney, Harris Upham & Co. Previously he served on the board of The Hershey Company, The Hershey Trust Company, the Milton Hershey School, the Federal Reserve Bank of Philadelphia, the Marine Corps Heritage Foundation, and MMG Insurance Company, among others.
XL’s chairman, Eugene McQuade, said: "We are delighted to welcome Jim to XL’s Board of Directors. His exceptional knowledge of the investment industry and deep business and governance experience will be of tremendous benefit to the Company. We look forward to working with Jim and our talented teams to build on our strong market position and in realizing our future potential."
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Other stories from Friday's newsletter
$1.9bn nat cat hit drives Chubb into Q3 loss
EC initiates investigation proceedings against Willis, other brokers
Validus reports combined ratio of 201% for Q3, loss of $250m
Beazley taps XL Catlin and Zurich execs for specialist lines
California wildfire insured losses at up to $3bn
QBE appoints interim CEO for Australian and New Zealand operations
Lloyd’s gives ‘in principle’ approval to Barbican sponsored Toa Re SPA
RGA reports ‘exceptionally good’ Q3: CEO Anna Manning
Talanx large losses exceed 2017 budget after 9 months, expects Q3 loss
JLT takes part in aviation insurance investigation
Markel estimates California wildfire losses at up to $80m
