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XL Insurance expands Middle Market offer in the UK to companies with a turnover of £25 - £250 million

 — London – 19 September 2011 - XL Insurance, the global insurance operations of XL Group plc (NYSE: XL), announced the expansion of its Middle Market offering to companies in the United Kingdom with a turnover between £25 and £250 million. Writing business on XL Insurance Company Ltd paper with a new team, this complements the UK Middle Market operation launched in 2008 writing business through XL Insurance’s Lloyd’s platform.

As many UK regional companies with a turnover between £25 and £250 million export and/or expand abroad, they face new risks in markets with different legal and compliance systems. At the same time, they seek the benefit of packaged solutions that efficiently combine different risk coverages. To respond to these needs, the new Middle Market team will provide access to both local expertise and to XL Insurance’s global network to provide international coverage if required.

Extending XL Insurance’s middle market team, Chris Oatten has been appointed Senior Property Underwriter Middle Markets and Julie Knight, Senior Casualty Underwriter, Middle Markets. Since the launch of its UK Middle Market operations in 2008 the unit has opened offices in Newcastle, Birmingham and Dublin.

Denis Burniston, Chief Underwriting Officer UK Middle Markets, said: “I am delighted to welcome both Chris and Julie to our Middle Market team. Their appointments will allow us to provide property and casualty solutions to a new client segment and continue our business growth in this area. Their in-depth underwriting experience will allow us to meet the specific needs of clients and brokers in this interesting segment.”

Chris has over 20 years of experience in both underwriting and relationship management and joins XL Insurance from AXA. He will focus on developing the Middle Market Property book across a variety of trades and utilising both existing and new broker relationships.

Julie has a strong background in global casualty with over 20 years extensive underwriting experience in the London Market. Julie spent the last ten years with Zurich, where she managed their Global Casualty Accounts.

About XL Insurance:
XL Insurance is the global brand used by XL Group plc's insurance companies offering property, casualty, professional and specialty insurance products throughout the world. More information about XL Insurance is available at www.xlinsurance.com

XL was formed in 1986 in response to the unmet risk management needs of 68 of the world's largest companies. This year, as XL celebrates its 25th anniversary, it remains the company clients look to for innovative insurance and reinsurance solutions for their most complex risks. 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 on a worldwide basis. Its principal offices are located at No. 1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. More information about XL Group plc is available at www.xlgroup.com

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