XL hires chief underwriting officer of US property

XL Group’s insurance operation has appointed Michael LaRocca as chief underwriting officer in its North America property business.

LaRocca will be based in XL’s New York office and report to Michele Sansone, president of XL’s North America property unit.

Commenting on the appointment, Sansone says: “Mike’s 25 years of experience providing insurance and risk engineering services to complex property risks aligns very well with our growing book of large commercial property risks.”

LaRocca joins XL Group from AIG where he served as vice president and northeast zonal leader for large property accounts. His insurance career also includes positions with Zurich and Gerling America Insurance Company, where he held positions in underwriting management and developed an in-house risk engineering department.

Sansone concludes: “In his new role, Mike will help our property underwriting teams in the US, Canada and Bermuda maintain consistent underwriting practice and standards that will help us grow wisely and provide our clients with the property coverage, risk engineering and claims services they need to keep their employees safe and their properties well protected.”