XL Group, a global insurance and reinsurance company, is expanding its operations in Texas.

Specifically, the company said it is boosting global risk management, construction specialty and inland marine underwriting expertise at its Dallas office.

Why Texas? XL Group said it is adjusting its operations there as the state’s economy expands in multiple industries.

“This growth means that more companies have more assets – property, employees, and sales – that require appropriate insurance protection and more risk management attention,” Wayne Speeg, regional leader for XL Group’s South Central region, said in prepared remarks. “To help, we continue to build out a seasoned regional underwriting team that gives our brokers and clients throughout the Southwest easy and personal access to some of the best underwriting talent in our industry.”

Some of the new underwriters have been promoted from within. Others come from companies including Travelers, Old Republic and Ironshore.

Source: XL Group

Topics Texas AXA XL