DeSimone Named President XL Insurance

Thursday, August 11, 2011

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. For Richard, this is a new challenge, an opportunity to apply his considerable experience in an entrepreneurial environment driven by strong growth aspirations to build best-in-class ocean and inland marine capabilities and expand our market distribution.”
DeSimone will join  XL Insurance in a newly created position as President of the  US Ocean and Inland Marine underwriting teams and will work closely with Colin Sprott, Chief Underwriting Officer of Global Marine and Offshore Energy and Chris Smith as Chief Underwriter for Ocean Marine in North America to further build XL Insurance’s global presence in the International Marine insurance market. 
Prior to joining XL Insurance, DeSimone served as President of the Travelers Insurance Companies’ Ocean Marine unit.  He was also President of St. Paul’s Ocean Marine unit, leading its integration with Travelers following the 2004 merger of both companies.  He spent another 24 years honing his marine underwriting and management skills at the Atlantic Mutual Companies.  A US Navy Veteran, he earned his undergraduate degree in Business Administration from Baruch College and a graduate degree in Transportation Management from SUNY’s Maritime College.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Karl Senner Inks Distribution Deal with Electronic Power Design

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets.

Finance

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1947 sec (5 req/sec)