xl group plc (XL) Key Developments
XL Group Unveils Prequalified Breach Response Specialists Network
Jan 19 15
XL Group Plc has announced that its cyber and technology insurance business has unveiled its network of prequalified breach response specialists to provide market's experts to help navigate complex data breach issues for cyber liability insurance clients. For XL Group Cyber insurance clients, XL Group has identified and negotiated preferred rates to provide a broad variety of breach response services. A 24/7 hotline staffed by XL Group's expert cyber claims team provides access to best-in-class firms that specialize in: computer forensics, XL Vendor partners include: Navigant Consulting Inc., General Dynamics Fidelis Cybersecurity Solutions, Kivu Consulting, Kroll, McGladrey LLP and Stroz Friedberg; credit and id monitoring, data breach notification and call center operations, XL Vendor Partners include: AllClear ID, NPC's Immersion Data Breach Service, IBC and Kroll; expert legal counsel, XL Vendor Partners include: Lewis Brisbois Bisgaard & Smith, LLP, Norton Rose Fulbright and Baker Hostetler; public relations, XL Vendor Partners include: Inform LLC and Levick.
Catlin Group Ltd., XL Group plc - M&A Call
Jan 9 15
To discuss the share acquisition of Catlin Group Limited by XL Group plc
XL Group Launches New Insurance Solution for Food and Beverage Industry
Jan 9 15
XL Group plc 1has launched integrated insurance solution for the food and beverage, or F&B, industry. The solution, designed to respond to multiple risk exposures, combines Product Contamination coverage with Public, Product and Employers' Liability with crisis management consulting through Response XL. It also provides an option to add Environmental and Cyber cover.
XL Group plc Releases New Executive and Corporate Securities Liability Policy Form
Jan 8 15
XL Group Plc has announced that its professional liability business has released new executive and corporate securities liability policy form to protect companies and their directors and officers in complex litigation and regulatory environment in the US and around the world. Extensions of coverage now include both formal and informal investigations by a law enforcement or regulatory authority, and the addition of broadened defense and settlement expense coverage, among other enhancements. XL Group's enhanced executive and corporate securities liability insurance coverage includes: expanded coverage for formal and informal investigations by a law enforcement or regulatory authority for insured persons; an extension of coverage to the company in a formal investigation when an insured individual is concurrently under investigation; a broader definition of loss which now includes plaintiff's attorney fees associated with a settlement; and additional defense expenses covered including expert fees and costs incurred with a claim pursuant to SOX 304 and Dodd-Frank 954; arrest, detainment, or incarceration of an insured individual in relation to company business. Through XL Group's insurance companies, XL Group's Professional business provides professional liability insurance for directors and officers, financial institutions, architects, engineers and other businesses and service professionals, in addition to other lines of insurance coverage including cyber and technology, commercial crime and fraud, and employment practices liability insurance.
XL Group Appoints June H. Dwyer as Northeast Leader
Jan 7 15
June H. Dwyer has joined XL Group's Distribution & Network team to help accelerate business growth in the Northeastern US and coordinate brokers and clients access to XL Group's global risks management resources and multi-line insurance coverages. Joining as Northeast Regional Lead, Ms. Dwyer is based in New York and reports to Ken Riegler, Head of XL Group's North America Distribution and Network team. Ms. Dwyer joins XL Group from ACE USA where she most recently served as Senior Vice President and Global Client Executive, managing global client relationships across various industries including Tech, Media, Financial and Consumer Products. Prior to joining ACE in 2011, Ms. Dwyer served as managing director, global risk management for Marsh in New York.