NEW YORK, Jan. 13 /PRNewswire-FirstCall/ -- XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the expansion of its US Aviation underwriting team with the opening of an aviation branch office in San Francisco and an addition to its New York-based underwriting staff.
XL Insurance, through XL Specialty Insurance Company, begins the New Year underwriting from San Francisco with the appointment of Mark Sacco as Officer, Class Underwriter. XL Insurance also announced the addition of Karl Jorda as Assistant Vice President, Class Underwriter to its New York-based underwriting team. Both Mr. Sacco and Mr. Jorda report to Eric Donofrio, North American Regional Manager for XL Insurance's Aviation unit.
Commenting on the appointments, Mr. Donofrio said: "Our technical underwriting skill and industry knowledge form the foundation of our success and we continue to build on it. Our clients will surely benefit from Mark and Karl's industry experience and underwriting skill. They are valuable additions to our North American team, especially as demand for our general aviation coverage continues to grow. They add additional strength and knowledge to an already accomplished team."
"With Mark working from our San Francisco office, we are also pleased to give our West coast brokers and clients more local access to our experienced in-house underwriters. We will continue to add additional staff to our San Francisco team in the coming months," added Mr. Donofrio.
Christopher O'Gwen, XL Insurance's Chief Underwriting Officer -- Global Aerospace, said: "Last year was a challenging one for the aviation insurance industry. At a time when the industry needs it most, we are pleased to bring together a skillful and knowledgeable global underwriting and claims team to address our insureds' risk management concerns with quality coverage and claims handling expertise."
Mr. Jorda brings more than 20 years of aviation insurance experience to XL Insurance, most recently working as Chief Underwriting Officer -- Aviation for Britt Paulk. His career also includes various underwriting management positions with AXA and United States Aircraft Insurance Group (USAIG). He is a graduate of Dowling College with a B.S. in Aeronautics.
Mr. Sacco joins XL Insurance from Marsh where he worked for three years as a Vice President in their Aviation group. Prior to this position, he spent more than nine years as a general aviation underwriter with United States Aircraft Insurance Group (USAIG) in both Denver and San Francisco. Mark is a graduate of Santa Clara University with a B.S. in Economics.
XL Insurance's global Aerospace operations provide a broad spectrum of coverage for international and regional airlines, product manufacturers, as well as for aviation service providers around the world.
"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance and its products is available at www.xlinsurance.com. Through its operating subsidiaries, XL Capital is a leading provider of global insurance and reinsurance coverages and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlcapital.com.
SOURCE XL Insurance