XL Group's excess casualty unit has promoted Ron Pardo to fill the newly created role of chief casualty officer in North America. Additionally, Matt Stitham has been promoted to fill Mr. Pardo's former position as vice president of the western zone.
The company said that in his new role, Mr. Pardo will take on greater underwriting management responsibilities including creating, implementing, and executing the business' strategic growth plan for all of North America. Mr. Pardo will remain in San Francisco and will continue to report to Lorraine Seib, the president of XL Group's global excess casualty business.
Formerly executive underwriter, Mr. Stitham will be responsible for managing XL's excess casualty underwriting operations in the western U.S., including San Francisco and Los Angeles. He joins XL Group's North America excess underwriting regional management team, which now reports to Mr. Pardo and also includes eastern region underwriting manager Lou Forte in New York and central regional underwriting manager Maria Miramontes in Chicago.
Ms. Seib stated, “This team continues to beat expectations on many levels. We've seen tremendous growth over the last few years and see even more opportunities ahead of us. Ron's new role will help us establish best practices, roll out effective tools and metrics and boost team collaboration globally so that we are all well equipped to continue on this profitable growth tract.”
A 26-year veteran of the insurance market, Mr. Pardo honed his casualty and specialty casualty underwriting skills with positions including Allied World and AIG. He joined XL Group in 2007 to establish the company's excess casualty underwriting operations on the west coast. He is a graduate of California State University Fresno.
Mr. Stitham was promoted to his most recent executive underwriter position in 2012. He began his tenure with XL in 2007, after holding underwriting positions most recently with Travelers. He is a graduate of the University of New Hampshire.
Learn more: xlgroup.com/insurance.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].