XL Group's Excess & Surplus Insurance Business Expands Team to Launch New Product Line

CHICAGO, March 4, 2015 /PRNewswire/ -- XL Group's Excess & Surplus (E&S) insurance team is expanding, adding Andrew Miller as underwriting manager for its newest product line, primary auto. 

According to John Goodloe, President of XL Group's E&S business, "Over the last several years, XL Group has built up unique capabilities adding more talent to our team and products to our portfolio.  We've also built a strong reputation for effectively insuring distressed, hard-to-place risks.  Insuring transportation risks can be a challenging proposition.  We've seen considerable success and profitable growth in our excess auto business and now we are pleased to extend our capacity and new underwriting capabilities to address our clients' primary auto insurance needs."

"Difficult risks require a customized approach," explained Mr. Goodloe.  "Under Andy's leadership, and employing his extensive transportation underwriting experience, that's what we plan to do. With the help of our partner brokers, we'll take a customized, creative approach to address our clients' most challenging transportation risks." 

Mr. Miller joins XL Group's Chicago office with more than a dozen years of transportation insurance industry experience most recently as an underwriting manager with Vanliner Insurance Company a division of National Interstate.  In his new role, he will be responsible for launching XL Group's E&S primary auto product line. 

Mr. Miller reports to Michael Gramm, Vice President of Excess Casualty, E&S, who added:

"Initially, in a limited launch to partner brokers, we'll roll out our new primary auto coverage to our target markets that include a variety of transportation risks including trucking, public auto, commercial auto risks.  Our intent is to gradually ramp up our primary auto operation to give ample attention to these tough risks and work with our broker partners to tailor workable insurance solutions."

XL Group's new E&S primary auto coverage is available on an occurrence-based following form policy with limits up to $1.5 million.  XL Group's primary auto operation also has the ability to issue MCS-90 endorsements and post required filings.  XL Group's coverage is serviced by a dedicated team of licensed claims consultants with an average of 27 years of claim handling experience.

About XL Group plc's Insurance Operations

XL Group plc's insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance

About XL Group plc

XL Group plc (NYSE: XL), 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. To learn more, visit xlgroup.com

XL Group is the global brand used by XL Group plc's insurance and reinsurance subsidiaries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xl-groups-excess--surplus-insurance-business-expands-team-to-launch-new-product-line-300045345.html

SOURCE XL Group

Copyright 2015 PR Newswire