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XL Insurance (Bermuda) Ltd Announces Two Senior Appointments Within Professional Lines Unit

 — Hamilton, Bermuda – November 9, 2011 – XL Insurance (Bermuda) Ltd (“XLIB”) today announced the promotion of Matthew Irvine to Chief Underwriting Officer of XLIB’s Professional Lines unit and the appointment of Stephen Outerbridge as Senior Vice President, Underwriter, effective immediately.

Mr. Irvine succeeds James Loder who was recently named as Chief Underwriting Officer/Senior Vice President of CSI-Complex Situational Insurance. Mr. Irvine will be responsible for a team of 11 underwriters and support people. He joined XL’s Lloyd’s syndicate operation, XL London Market Ltd, in 1998. In 2002, he transferred to XL’s Professional Lines unit in Bermuda.

Prior to joining XLIB, Mr. Irvine was an underwriter at the SVB Syndicates Agency for three years where he was involved in the underwriting of UK and US Errors & Omissions, Directors & Officers and Employment Practices Liability business. Mr. Irvine began his insurance career in 1992 as a Senior Account Executive/Broker at the Minet Group where he was responsible for the placement of North American Errors & Omissions business in the London market.

Mr. Outerbridge, who reports to Mr. Irvine, is a Bermudian with approximately 20 years of industry experience, including 15 years in underwriting. He was Senior Vice President/Manager of the Professional Lines department at Ariel Reinsurance Company Ltd from 2006 to 2010. Prior to that, Mr. Outerbridge was Vice President within ACE Bermuda’s Professional Lines department where he also acted as deputy department manager.

Commenting on the appointments, Chief Executive of XL’s Global Professional Insurance operations, Bernard Horovitz, said: “These appointments further demonstrate the bench strength of XL’s professional lines operations as well as our ability to attract top talent in the industry.”

Patrick Tannock, XLIB President, added: “XLIB is fortunate to have Matt and Stephen within our ranks. Having worked closely with both men, Stephen at ACE and Matt here at XL, I can attest to their dedication and drive. Both are seasoned, respected underwriters who are assets to XLIB and the Bermuda market.”

About XL Group plc
XL Group plc, 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. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit www.xlgroup.com

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