XL Combines GAP/Property Underwriting
Bermuda based XL Group plc’s Insurance segment has combined its Property Underwriting and XL Global Asset Protection Services [XL GAPS] engineers to form one unified team of nearly 200 risk engineers worldwide.
The Company has announced the appointment of six new Regional Engineering Leaders to “efficiently direct its combined risk engineering resources as XL underwriters and clients need them – either as part of a fully integrated risk management program or to provide unbundled loss prevention services.|
According to Joseph Tocco, Executive Vice President of XL’s North America Property and head of XL GAPS, “With this new alignment we have pooled our risk engineering talent together to allow easy deployment of those resources and greater flexibility to fit the business needs of our insureds, our XL GAPS clients, and our underwriters.
“It’s all part of our goal to provide our customers with top-notch service through the full length of the value chain — from loss prevention servicing, through fronting and risk transfer, all backed up by outstanding claims services.”
Matthias Horntrich, Chief Underwriting Officer of XL’s International Property Insurance group added: “Our customers should have a choice.
“That’s why we are proud to be able to offer them the flexibility of a customized approach to their risk management needs with a highly qualified global engineering team which can provide input for superior underwriting decisions. Our new Regional Engineering Leaders will play a key role assuring that we optimize our risk engineering capabilities to their fullest.”
According to Tim Heinze, Head of XL GAPS, “XL GAPS remains committed to our loss prevention customers – those businesses that rely on us for loss prevention surveys, employee training and other loss prevention services outside their insurance program.
“In fact, we now have even more engineering resources to bring to bear for our customers and look forward to growing with them and helping them keep their operations running profitably.”
