Hamilton, Bermuda-based XL Capital, Ltd., said David B. Duclos bas been named chief operating officer for XL Insurance.
Mr. Duclos was formerly the chief underwriting officer for specialty lines. He will be responsible for the underwriting, sales and regional management of XL's worldwide insurance operations.
"By positioning our insurance underwriting and regional management under Dave, we believe we will be able to deliver more robust and better integrated support to our customers across all of our platforms," said Clive R. Tobin, chief executive of XL's Insurance Operations, in a statement.
Mr. Tobin said Mr. Duclos' oversight of operations "will enable me to focus more attention on strategic business and marketing opportunities, and I am confident this realignment will enable us to continue the substantial progress we have made in our insurance segment over recent years."
Dermot O'Donohoe will assume Mr. Duclos' former role as chief underwriting officer for specialty lines. He will remain head of XL's UK and Ireland region until a successor is named. Mr. O'Donohoe will report to Mr. Duclos in his new role, as will the current heads of business lines and regions within XL's insurance segment, the company said.
"These changes are the next step in a process we started two years ago to more fully integrate operations in XL Insurance," said Mr. Tobin. "We have made great progress toward the goals we set then, and it is now time to move on to the next stage. I am confident that we have assembled the right team to lead this effort."
XL Capital provides insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms.
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