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Kate Shepherd

Joseph Tocco promoted to head XL's North American property business

February 28, 2014 - 9:40am


XL Group P.L.C. has named Joseph A. Tocco as chief executive of North American property/casualty, effective immediately.

He replaces Seraina Maag, an XL spokeswoman said Thursday.

Ms. Maag moved over to American International Group Inc. in November.

Previously, Mr. Tocco ran XL's North American property business as well as XL Global Asset Protection Services, the Dublin, Ireland-based insurer said in a statement Thursday.

“Joe's long track record of running successful underwriting operations, strong broker/client relationships and proven leadership skills make him a natural choice to lead our P&C operations in North America,” Greg Hendrick, chief executive of XL's insurance operations, said in the statement. “After a thorough internal and external search for this critical position, we are excited that we found our leader within XL, and we look forward to Joe's continued contributions.”

Ken Riegler, the head of XL's North America primary casualty business, will take on the added responsibility of leading the North American distribution and network.

Mr. Tocco and Mr. Riegler will continue to be based in New York.

 



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