18 June 2014News

XL appoints president of its E&S operation

XL Group has announced the hire of John E. Goodloe to lead its Excess & Surplus (E&S) business.

As president, he will direct underwriting operations, product distribution and strategic growth plans for XL’s multiline E&S operation, which includes property, primary casualty, umbrella, excess casualty, and excess auto lines of business.

Goodloe will be based in Chicago, reporting to Joe Tocco, chief executive of XL’s North America P&C operations in New York.

Commenting on the appointment, Tocco says: “Businesses with hard-to-place risks turn to the E&S market to address their insurance needs. To address such complicated risks, XL has pulled together a very seasoned team of dedicated surplus lines underwriters and a diverse portfolio of products to address more of our clients’ complex risks. We’re delighted to have John join this team.”

Goodloe adds more than 30 years of specialty lines and reinsurance underwriting as well as management and wholesale brokerage experience to XL’s North America P&C leadership team. He most recently served as senior vice president – brokerage for the Scottsdale Insurance Company.

Tocco concludes, “Under John’s leadership, we look forward to building on our strong market reputation for addressing complex risks with innovative E&S solutions. I believe John’s unique combination of insurance, reinsurance and brokerage experience will be an asset in helping our business continue its strategic growth plans, look for new business opportunities with our other product lines and expand its broker relationships.”