Re/insurer XL Group has opened offices at a second location in India with staff now based in Bangalore.
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.
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.”
“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.”