Friday, 9 December 2011
New Chief Executive for XL’s insurance segment
Greg Hendrick is to become Chief Executive of XL’s insurance segment after the retirement of Dave Duclos, the current insurance head. Mr Hendrick, currently XL’s Executive Vice President, Strategic Growth, will take over on January 1, 2012. Mr Duclos will continue as a consultant to XL through 2012 to advise on and assist with the transition.
During his career with XL, Mr Hendrick has held various senior leadership positions including President and Chief Underwriting Officer of XL’s Bermuda-based reinsurance company, Senior Vice President and Chief Property Underwriter for Bermuda reinsurance operations and Vice President and Underwriter of XL Mid Ocean Re.
As the Head of XL’s Office of Strategic Growth since October 2010, Mr Hendrick has been responsible for guiding XL’s strategic planning, focused on enhancing the company’s operational efficiencies and further growing XL’s underwriting businesses. The strategy portfolio will be shared among Mr Hendrick, Sarah Street, XL’s Chief Investment Officer and Jamie Veghte, Chief Executive of XL’s reinsurance segment.
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