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XL Catlin's excess and surplus casualty business has introduced a new geographically focused structure and three new regional leaders, the company said Thursday.
Coy Rudd was named east regional vice president in New York, Ankur Chokshi was named central regional vice president based in Chicago, and Scott Noffsinger has been named Scottsdale, Arizona-based Western regional vice president. All three had already been employees of either XL Group P.L.C. or Catlin Group Ltd., a company spokeswoman said.
“The integration of XL Group and Catlin Group's E&S capabilities has created a much larger, experienced and eager Casualty E&S operation,” John Goodloe, New York-based president of XL Catlin's E&S Casualty team, said in a statement. To make the most of our combined strength, greater capacity and broader risk appetite, we've restructured our team to align underwriters by geography to be in closer proximity to our brokers and clients and to stay on top of state requirements and related legal environments.”
Joe Tocco, Chicago-based chief executive of XL Catlin's Americas region, said in a statement, “The E&S market addresses some of the insurance market's most hard-to-place risks and to do so, it requires us to be in close contact with our clients who face these risks.
“Our new regional approach will help us communicate and collaborate with our appointed brokers regularly to address our customers' insurance requirements. In turn, we'll continue to drive our already high standard of service even higher.”
E&S Casualty product lines include commercial excess liability insurance coverage for contractors, products liability, general casualty, and transportation classes of business on both a primary and excess basis.
Dublin-based XL Group P.L.C. completed its $4.28 billion acquisition of Catlin Group Ltd. in May.
Ace Ltd. and XL Group P.L.C., born of the mid-1980s liability crisis, have become successful global players largely through acquisitions, though they face several challenges resulting from their latest purchases.