XL Names Rego COO For Financial Assurance
NU Online News Service, July 19, 4:20 p.m. EDT?Michael E. Rego was named executive vice president and chief operating officer of XL Financial Assurance Ltd., the Hamilton, Bermuda-based XL Capital Ltd. financial guaranty reinsurance company.[@@]
He replaces James P. McNichols, who was named global chief actuary in April.
Mr. Rego had been chief operating officer of XL Capital Assurance (U.K.) Limited, the London-based subsidiary of XL Capital Assurance, XL's financial guaranty primary insurance company. He joined XL in 1997 as a specialty financial lines underwriter and moved to the structured finance group in 1998. Prior to XL, he worked at the Bank of Bermuda from 1982 to 1997.
Fredrick B. Hnat will replace Mr. Rego. He was named chief operating officer of XLCA-UK.
He has been XLCA's general counsel since joining the company in 2000.
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