XL Group Presents to the Brazilian Risk Management Association The event highlighted the market entry of its new insurance operation in Brazil
SAO PAULO, July 6, 2012 /PRNewswire/ -- A team of experts from XL Group plc's (NYSE: XL) insurance operations ("XL Group"), recently met with members of the Brazilian Risk Management Association (ABGR) to highlight XL Group's Professional Lines Directors & Officers insurance solutions, claims capabilities and its overall offerings in the Brazilian commercial insurance market. The event highlighted XL Group's entry into this important insurance market.
Bruno Laval, Regional Manager Iberia and Latin America for XL Group's insurance operations, commented, "Our new office in Sao Paulo has been operating since June and this was our first presentation to a panel of preeminent members of the Brazilian Risk Management Association. As the economy continues to grow, Brazilian businesses looking to expand need an insurer with the broad capabilities and global network we offer. Led by country manager Juan Bragadin, the highly experienced team of underwriters, claims managers and client & distribution leaders we have in Brazil is well placed to anticipate and respond to the growing needs of clients and brokers for strong insurance solutions, tailored to the Brazilian market."
Paolo Ribotta, XL Group's Head of Global Distribution & Network, added, "As our CEO, Mike McGavick, highlighted during the recent International Insurance Society seminar in Rio de Janeiro*: to remain relevant to clients, insurers need to address new and emerging risks with the right talent and technology. This is at the core of what XL Group offers. A dynamic country like Brazil is exactly the right environment for XL Group – a solid global insurance player that is also nimble and brings fresh thinking."
In Brazil XL Group's insurance operation offers property, casualty, professional and specialty products to serve local businesses as well as international global program clients. Thirty percent of the approximately 1,500 global programs which XL Group leads globally have one or more policies in Latin America.
* See Mike McGavick's speech at ISS in Rio de Janeiro on
About XL's Insurance Operations
XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance
XL Group is the global brand used by XL Group plc's insurance subsidiaries.
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 xlgroup.com
SOURCE XL Group plc