XL Group’s North America primary casualty business is operating under a new label: global risk management.
The change comes in an effort to underline its extensive capacity, cross-border reach and seamless delivery of casualty risk management programmes domestically and abroad.
According to Joe Tocco, chief executive of XL Group’s North America property and casualty division, “Businesses, no matter where they operate, are governed by local insurance requirements and regulations that seem to grow more complicated every year.”
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.
Tocco continues, “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.”
Ken Riegler, president of XL Group’s global risk management business comments, “With our global risk management team structure, we deliver a tailored local insurance solution that provides continuity of program design, service and execution.”