Bermuda based XL Group plc’s insurance operations promoted Matthew V. O’Malley, CPCU, ARe, CRIS to lead its Environmental business. Mr. O’Malley previously served as head of Environmental Underwriting Operations, overseeing the business’ field operations and sales and marketing activities.
In his new role, he will lead all underwriting, field operations and sales and marketing and guide the growth of XL’s Environmental business. He reports to Seraina Maag, Chief Executive of North America Property & Casualty for XL’s insurance operations.
Commenting on the appointment, Greg Hendrick, chief executive of XL Group’s global insurance operations, said: “XL Group has been writing environmental coverage for nearly three decades. We’re one of the pioneering environmental markets and we’ll continue to take the lead in this market, now under Matt’s guidance.
“Over the last few months, despite today’s competitive conditions and new market entrants, we’ve seen our environmental team thrive, under his operational leadership. We’re looking forward to building on that success.”
“Our longtime success in this market has been built and reinforced by the creative solutions and unwavering service that Matt and his team are dedicated to delivering day after day,” said Ms. Maag. “Environmental insurance protection is more important than ever. When our customers are ready to acquire new businesses, buy and develop new property or take on growth opportunities in new countries, we’ll be helping them break down any environmental liability concerns that may try to stand in their way.”
Mr. O’Malley joined XL Group in 2004. In addition to his Planning and Administration role, he also managed the Environmental group’s Commercial Business Unit [CBU]. During his 17-year tenure in the insurance industry, Matt has held numerous underwriting and management positions, He earned his BA in Economics and MBA with a specialization in Finance from Villanova University. Matt also holds the Chartered Property Casualty Underwriter [CPCU], Associate in Reinsurance [ARe], and Construction Risk and Insurance Specialist [CRIS] designations. He also serves as a member of the Board of Overseers of the Graduate School of Education of the University of Pennsylvania.