On Thursday, XL Group announced that XL Group’s North America Primary Casualty business is operating under a new banner—Global Risk Management.
The change is meant to capture the operation’s “extensive capacity, cross-border reach and seamless delivery of casualty risk management programs domestically and abroad,” XL said in its announcement.
In the statement, Joe Tocco, Chief Executive of XL Group’s North America Property/ Casualty division said: “Businesses—no matter where they operate—are governed by local insurance requirements and regulations that seem to grow more complicated every year.
“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 U.S. 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.”
Riegler said XL’s ” regional and global network,” can operate to help companies based in North America address their primary casualty insurance needs in North America and also in some 140 countries where they may operate.
Source: XL Group plc