XL Group Adds New Cyber & Technology Insurance Expertise

NEW YORK, Oct. 20, 2014 /PRNewswire/ – To address the growing demand for cyber insurance, XL Group's Cyber and Technology business has added three underwriters, Sean Donahue, Elissa Doroff and Richard Schulz, to its New York-based team.        

"Headline data breaches continue to spark interest in cyber and technology insurance and this expansion is intended to meet that demand," according to John Coletti, Chief Underwriting Officer for XL Group's Cyber and Technology insurance business, "Data breaches are becoming increasingly more sophisticated  and in order to properly underwrite these risks, we have added underwriters that possess the necessary technical and legal skills that Sean, Elissa and Rich possess."

Mr. Donahue joins XL Group from Dewitt Stern Group where he most recently served as vice president and director of information technology. During his tenure at Dewitt, he oversaw the day-to-day operations of the company's technology infrastructure which included the company's information security program. Sean brings to the team over a decade of risk mitigation experience in network security. He currently holds a CISSP designation and is a trained certified ethical hacker.

Ms. Doroff brings nearly a decade of cyber and technology insurance expertise having worked as claims counsel at AIG and, most recently, as broker of cyber insurance at Marsh and McLennan where she held the position of Senior Advisory Specialist. While at Marsh, she counseled public and private clients on their risks and insurance needs in the areas of technology, privacy and cyber. She has considerable experience presenting these topics on panels and seminars for clients and industry associations and she has published many industry related articles.

With more than a decade of professional liability underwriting experience focused on technology and cyber, Mr. Schulz joins XL as a Vice President from Axis Insurance where he underwrote a broad spectrum of media, technology, privacy and network security risks. Mr. Schulz has a successful track record of understanding unique exposures posed by companies and underwriting specifically to address their needs.   

XL Group recently released a new version of their cyber and technology insurance product with broader terms and conditions and enhancements which are include the costs to cover legal and voluntary data breach notification, comprehensive crisis management expenses, loss of business income and the costs to restore data resulting from a cyber-attack and the costs to respond to privacy related regulatory investigation and any fines and penalties assessed.

About XL Group plc'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

About XL Group plc

XL Group plc (NYSE: XL), 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. To learn more, visit xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xl-group-adds-new-cyber--technology-insurance-expertise-268389526.html

SOURCE XL Group

Related Links

http://xlgroup.com/insurance