XL Group Announces Expansion of Facultative Reinsurance Footprint in US
HAMILTON, Bermuda, Feb. 19, 2013 /PRNewswire/ -- XL Group plc's (NYSE: XL) ("XL") reinsurance operations today announced an expansion of their footprint in the US with the opening of a Dallas, Texas office led by Dean Wolfe who was recently promoted to Western Regional Manager of XL's newly created Property Facultative Western Region and a Philadelphia, Pennsylvania office led by Senior Underwriter Margaret LoSapio.
Mr. Wolfe, who has more than 15 years of industry experience including seven years in XL's Atlanta, Georgia office, will be responsible for XL's reinsurance underwriting operations in Dallas, Texas and Walnut Creek, California. He reports to Kip Walker, XL Managing Director and Manager of Property Facultative Reinsurance operations, who is based in Atlanta.
Prior to joining XL, Mr. Wolfe was based in Chicago, Illinois where he held progressively senior underwriting roles at various reinsurance companies including CNA Reinsurance. Mr. Wolfe holds a Bachelor of Science Degree from Southwest Missouri State University.
Ms. LoSapio, who has been with XL since 2007 and reports to William Rosa, Eastern Region Manager for XL's reinsurance Property Facultative Division, is responsible for helping to grow the Property Facultative book of business by underwriting national and global Property accounts.
Before joining XL, she was a Property broker at Aon Risk Services in New York. Prior to that, she worked as a Property broker for Marsh Inc. in New York. Ms. LoSapio holds a Bachelor of Arts Degree from New York University.
Commenting on the developments, President & Chief Executive Officer of XL Reinsurance America Inc. John Welch said: "We are fortunate to have the high caliber of internal talent required to take on these new responsibilities as we look to expand our presence. Both Dean and Margaret will draw on their depth of knowledge, wealth of experience and strong industry relationships to meet the needs of these important markets."
About XL's reinsurance operations
XL Group plc's reinsurance companies are among the world's leading reinsurers. They offer products that include aerospace, property, casualty, marine and specialty. The world's top insurers choose XL to help move their businesses forward. To learn more, visit xlgroup.com/reinsurance.
About XL Group plc
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit www.xlgroup.com
SOURCE XL Group plc
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