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Sunday, January 26, 2020

Xl Group News

Image: GOGL

Golden Ocean Group Appoint Two New Board Members

Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board members.Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an international ship-management company.She has served as the CFO of Anglo-Atlantic Steamship Co. Ltd. and as Commercial Manager of Laurin Maritime (UK) Ltd. Prior to that, she worked with fund manager Tufton Oceanic Ltd. and with management consultant Karlöf & Partners.

Anne Marie Elder

Navigating 2016’s Marine Insurance Market

Marine insurance may have the distinction of being the oldest line of insurance in existence, but it’s not letting its venerable age hinder its growth or flexibility. Given the new, emerging and increasingly complex risks faced by the maritime industry, the insurance market must adapt to meet the evolving needs. In fact, the marine insurance market continues to grow and evolve to address maritime industries new operating and trading environment. While bad weather and rough seas may have been the big risk of days gone by…

Denise Balan

XL Offers KRE Cover to Yacht Owners

To help yacht owners navigate increasingly risky waters, XL Group is adding a Kidnap, Ransom & Extortion (KRE) Crisis endorsement to ShipShape, and ShipShape Plus, its recreational marine insurance coverages. "Crisis events like kidnapping, disappearance and hijack are increasingly real threats, especially on open seas," explained Denise Balan, Country Manager of XL's US Crisis Management business which developed the KRE endorsement. According to Rick Salway, Vice President of XL Group's Recreational Marine business…

XL Group Grows in Asia

XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter. Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics for companies operating around the world. Mr.

XL Appoints Regional Vice President in New York

XL Group added marine underwriting expertise with the addition of John E. Ellis as Regional Vice President in its North America Marine business in New York. In his new role at XL Group, John will be responsible for managing and building XL Group’s Marine Cargo, Primary and Excess Marine Liability, Inland Marine, and Blue Water and Brown Water Hull business throughout the Northeast. John joins XL Group from International Marine Underwriters/One Beacon where he held the position of regional vice president and was responsible for building a profitable book of business in the Atlantic Region.

Lessons From Losses: Removing Insurance Ambiguity

In the aftermath of Superstorm Sandy, there are enormous rebuilding efforts going on all around the waterfront. If you are a marine contractor participating in the rebuilding efforts, have you read your General Liability policy lately? The last thing that a marine contractor needs to worry about is confusion over insurance coverage. As a marine contractor you know much of the work you do – whether it be dock or pier construction, bulkhead or riprap construction, or waterway dredging and beach replacement – is done using specialized watercraft.

XL Group’s Marine Unit Expands Hull Insurance Resources

XL Group plc’s (NYSE: XL) North American Marine business expands its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant. According to Rich DeSimone, President of XL Group’s North America Marine business, “Siobhan, Jeff and Eileen collectively add nearly six decades of hull underwriting, particularly in blue water hull coverages, and claims experience. Ms. Coen joins XL as a Senior Underwriter.

XL Group’s Ocean Marine Unit Expands Brown Water Business

XL Group plc’s North American Marine business has boosted its underwriting expertise with the addition of Chris Cooke who has joined as Vice President, Hull and Liabilities. According to Richard DeSimone, President of XL Group’s North American Marine business, “We are very pleased to have Chris join our team as we look to expand our Brown Water Hull, P&I and Primary Marine Liability capabilities. “Over the last year, we’ve expanded our underwriting team to trading hubs in Cleveland…

Opinante to Chair IMUA

Kevin O’Brien, President & CEO, of the Inland Marine Underwriters Association (IMUA), announced that the Board of Directors, at its recent meeting, has voted Peter Opinante to assume the Chairmanship of the Board. Mr. Opinante, who served as Deputy Chair, fills the seat vacated by Sophia Philips who recently tendered her resignation for personal reasons. Opinante, who was scheduled to assume the Chairmanship at the IMUA’s upcoming Annual meeting this May in San Diego, CA, will now serve for an additional four months.

XL Establishes Inland Marine Field Ops

To put its marine insurance experience closer to their clients, agents and brokers, the Marine insurance unit at XL Group plc (NYSE: XL) announced additional underwriting appointments further establishing its inland marine field operation. XL’s new Inland Marine Field team includes Michael Perrotti, Senior Vice President, Marine Field Operations based in Cleveland, Ken Mueller, Regional Vice President in Atlanta, and Ryan Faris, Marine Underwriter in New York. According to Richard DeSimone…

DeSimone Named President XL Insurance

XL Insurance, the insurance underwriting operations of XL Group (NYSE: XL), appointed Richard DeSimone as President of its US Ocean and Inland Marine unit. DeSimone will be based in New York and reports to Neil Robertson, Chief Executive, Global Specialty in London. ”This is a clear statement of our intent to become a more significant market for both Inland and Ocean Marine business in the United States” said Mr. Robertson. “For XL Insurance, we are fortunate to enlist Richard’s 35 years of industry experience and solid reputation to lead this initiative.