XL Group Announces Appointment of Craig Wenzel as Senior Vice President, Capital Markets

   XL Group Announces Appointment of Craig Wenzel as Senior Vice President,
                               Capital Markets

PR Newswire

HAMILTON, Bermuda, Dec. 6, 2012

HAMILTON, Bermuda, Dec. 6, 2012 /PRNewswire/ -- XL Group plc's (NYSE: XL)
reinsurance operations ("XL") today announced the appointment of Craig Wenzel
as Senior Vice President, Capital Markets. In this newly-created role, Mr.
Wenzel will be responsible for managing and developing relationships with
third party capital providers in support of XL's global underwriting

XL has been a market leader in the property catastrophe reinsurance market for
20 years. XL was the sponsor for Cyrus Re, one of the first post-Hurricane
Katrina sidecars -- an example of early capital markets involvement in the
reinsurance industry.

Mr. Wenzel joins from Deutsche Bank Securities Inc., where he was most
recently a director in the Capital Markets and Treasury Solutions division in
New York. During his tenure there he was responsible for coordinating the
catastrophe product origination effort globally and executed numerous
catastrophe bonds, sidecars and alternative capital and risk transfer
solutions, including the Cyrus Re financings in 2005-2007. Prior to joining
Deutsche Bank in 2005, Mr. Wenzel worked in Debt Capital Markets at J.P.
Morgan Securities Inc.

At XL, Mr. Wenzel will report to Charles Cooper, President & Chief
Underwriting Officer of XL Re Ltd – XL's Bermuda-based reinsurance operations.
He will also work closely with XL's Chief Financial Officer Pete Porrino and
other executive management.

Commenting on the appointment, Mr. Cooper said: "Capital market investors
continue to show interest in the Insurance Linked Securities (ILS) market and
are searching for innovative ways to access attractive non-correlated yields.
Craig's background in finance and the ILS market makes him the ideal person to
lead XL's continued advancement in the reinsurance/capital markets convergence

About XL's reinsurance operations

XL Group plc's reinsurance companies are among the world's leading
reinsurers. They offer products that include aerospace, property, casualty,
marine and specialty. The world's top insurers choose XL to help move their
businesses forward. To learn more, visit xlgroup.com/reinsurance.

About XL Group plc

XL Group plc, through its subsidiaries, is a global insurance and reinsurance
company providing property, casualty and specialty products to industrial,
commercial and professional firms, insurance companies and other enterprises
throughout the world. XL is the company clients look to for answers to their
most complex risks and to help move their world forward. Its principal offices
are located at No.1 Hatch Street Upper, 4^th Floor, Dublin 2, Ireland. To
learn more, visit www.xlgroup.com

Contact:  David RadulskiCarol Parker Trott
 Investor RelationsMedia Relations
(203) 964-3470(441) 294-7290

SOURCE XL Group plc

Website: http://www.xlgroup.com
Press spacebar to pause and continue. Press esc to stop.