XL Insurance announced the appointment of Patrick Tannock as President of XL Insurance (Bermuda) Ltd and Country Manager. The appointment is effective as of February 22, 2010.
Mr. Tannock has more than 25 years of experience in the Bermuda market and the international insurance and reinsurance industry, including approximately 10 years with Marsh & McLennan and 16 years with ACE Bermuda. Most recently he held the position of Executive Vice President as well as Chief Underwriting Officer and Director of ACE Bermuda’s specialist directors & officers subsidiary, Corporate Officers & Directors Assurance Ltd (CODA).
Mr. Tannock, who will report to XL Insurance International Property & Casualty Regional Operating Officer Donal Kelly, will work with XL Insurance Bermuda (XLIB) underwriting managers to provide strategic direction and leadership of XLIB business lines and manage the day-to-day Bermuda insurance operations.
In addition to his role with XL, Mr. Tannock is Vice Chairman of the Association of Bermuda International Companies (ABIC), and a member of the Financial Intelligence Agency Board, and the Bermuda Government Board of Education.
Commenting on the appointment, XL Insurance Chief Executive Dave Duclos said: “We are delighted to have Patrick join the XL Insurance team. He comes to XL with extensive and diversified experience in brokering and underwriting. His strong leadership skills along with his knowledge and expertise in the Bermuda and global insurance markets makes him the right person to lead XLIB and to help drive XL Insurance business objectives forward. In addition to his wealth of experience, Patrick is a highly-regarded executive in the Bermuda insurance industry. This appointment further demonstrates the importance of the Bermuda market and XL’s commitment to its insurance operations on the island.”
