XL Insurance Appoints Joseph Tocco to Lead North America Property and XL GAPS Unit

NEW YORK, Jan. 18, 2011 /PRNewswire/ -- XL Insurance, the global insurance operations of XL Group plc (NYSE: XL), today announced the appointment of Joseph A. Tocco as  Executive Vice President and head of North America Property and XL Global Asset Protection Services (XL GAPS), effective February 1.  Reporting to Seraina Maag, Chief Executive of XL Insurance's North America Property & Casualty (P&C) unit in New York, Mr. Tocco will direct XL's property underwriting activities, including General Property and Energy Property business, and XL GAPS, a loss prevention consulting firm.

According to Ms. Maag, "Joe brings a strong combination of underwriting and hands-on risk engineering experience and understands the value of delivering both loss prevention services and underwriting expertise hand-in-hand to provide our clients with more effective property protection.  Our Property and XL GAPS' collective talent are highly regarded and their reputation certainly influenced Joe's decision to join us. His arrival adds even more depth to our solid foundation of expertise.  I am excited to see what Joe and his teams will accomplish together in 2011 and beyond."

Mr. Tocco joins XL Insurance from Zurich Financial Services where he most recently led the North American property group, Global Corporate Business Unit, and previously served as Northeast Regional Property Manager and National Director of Engineering Lines.  During his career, he also held underwriting and risk engineering positions with Munich Re, Industrial Risk Insurers (IRI) and Hartford Steam Boiler.  A veteran, Mr. Tocco served as a Nuclear Field Service Engineer in the US Navy for nine years.  

About XL Insurance

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

SOURCE XL Insurance