New underwriter appointment for XL group’s insurance arm

XL Group’s global business insurance operations arm recently announced Mr David Longley’s appointment as their new London-based Senior Underwriter Design Professional.

With nearly one and a half decades of PI insurance underwriting experience under his belt, Mr Longley joins XL Insurance from his previous position as a senior professional liability insurance underwriter at Ace Europe.  Previous to his time at that firm, Mr Longley also spent time working with Lloyd’s.

XL Insurance’s team of business liability insurance underwriters is led by Stuart Essex and is comprised of four underwriters.  The Design Professional Team offers both risk management services and specialist insurance coverage to engineers and architects.

In a related news story, Lloyd’s recently granted approval to XL Insurance to allow it to write Design Professional cover through Lloyd’s-affiliated XL London Market Ltd.  Mr Essex said that due to the current economic landscape, demand for engineer and architect insurance cover has been continuing increasingly since the global economic downturn.

Mr Essex stated that the clients of XL Insurance’s are appreciative of being able to work with underwriters that are both dedicated and that possess a detailed understanding of their businesses. The London Design Professional team leader also stated that brokers and clients alike will reap the benefits from Mr Longley’s recent appointment and the specialised market knowledge and expertise he brings to XL Insurance.

Mr Essex also stated that XL Insurance plans to continue with its expansion efforts in both the UK and throughout the general Euro zone.

Meanwhile, shares of XL Insurance recently soared to their highest level since June 2008.  The Bermuda-based parent company reported a 5.34 per cent increase of its stock prices on the US-based New York Stock Exchange.

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