28 April 2014 Insurance

XL rebrands North American casualty business

Insurer XL Group has rebranded its North American primary casualty business to reflect its global reach. The division is now called XL Group’s global risk management business.

Joe Tocco, chief executive of XL Group’s North America property & casualty division, said: “Businesses – no matter where they operate – are governed by local insurance requirements and regulations that seem to grow more complicated every year. Our new global risk management name more clearly reflects how we are helping our clients manage complex coverage requirements and design casualty programs that fit their operation and their footprint.”

The team works collaboratively to build risk management programmes, including general liability, workers’ compensation, and commercial auto, for large US-based businesses and multinational companies with operations in the US and Canada with complex casualty insurance requirement.

Ken Riegler, president of XL Group’s global risk management business, said: “Whether our clients operate only in the US or have extended their reach globally, we make sure they have the right coverage to protect their employees, their customers and their balance sheets. With our global risk management team structure, we deliver a tailored local insurance solution that provides continuity of program design, service and execution.

“Through our regional and global network, we help companies based in North America address their primary casualty insurance needs here and in some 140 countries where they may operate. We convene appropriate casualty resources to take sensible and creative approaches to managing their risks. There are only a few insurers with an extensive global reach and the ability to build large domestic and global insurance programs to protect companies in whichever corner of the world they operate. XL Group is one of them.”

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