XL Group Boosts Its Construction Business with New San Francisco Underwriting Operation [Manufacturing Close – Up]

XL Group plc'sNorth America Construction unit is putting their Construction risk management expertise closer to their brokers and the contractors they serve by establishing a west coast underwriting operation in San Francisco.

According to Gary Kaplan, President of XL Group'sNorth America Construction business, "While the market may recover at its own slow pace, there are good contractors out there who don't want to be complacent and wisely use risk management strategies to protect their profitability and even give themselves an advantage in this competitive market. We want to be there for them to help."

"That's why we're moving some of our underwriting experts to where our clients need us," said Kaplan. "We're setting up our west coast presence with two very seasoned underwriters including Michael Simone, currently Executive Underwriter of Construction Primary Casualty and Markus Bachmann, Vice President, Builder's Risk. Mike and Markus are relocating from New York to XL's San Francisco office where they can work more closely with our local brokers and clients. With this move, Mike is promoted to Regional Vice President to manage our Western Region's Construction Operations."

According to a release, Simone joined XL last year from Old Republic Construction Program Group where he served as Product Manager on all loss sensitive accounts. He added another 16 years of underwriting experience to XL's Construction team with positions at Reliance National and Crum & Forster Insurance Company. Bachmann originally joined XL's Energy group in June 2010 and transferred to its Construction team at the end of 2010 to underwrite contractors' Builder's Risk insurance coverages, bringing more than two decades of Builder's Risk and global underwriting experience gathered during his tenure at Allianz and Zurich in the US as well as positions with Gerling Insurance Group, ABB Insurance Brokers, Union Reinsurance and Winterthur Insurance Company in Switzerland.

XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally.

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing.

More information:

www.xlgroup.com

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