NEW YORK, April 24, 2014 /PRNewswire/ -- To reflect its extensive capacity, cross-border reach and seamless delivery of casualty risk management programs domestically and abroad, XL Group's North America Primary Casualty business is operating under a new banner -- now as Global Risk Management.
"Businesses -- no matter where they operate – are governed by local insurance requirements and regulations that seem to grow more complicated every year," according to Joe Tocco, Chief Executive of XL Group's North America Property & Casualty division. "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."
XL's Global Risk Management team works collaboratively to build risk management programs, 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.
According to Ken Riegler, President of XL Group's Global Risk Management business, "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," said Mr. Riegler. "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."
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.
SOURCE XL Group