XL has appointed Chris Dougherty as new chief financial officer to manage the company’s global insurance operations including financial reporting and planning, accounting, budgeting and financial analysis.

XL Group’s Insurance operations chief executive Greg Hendrick said, "He will play an integral role in our constant evaluation of our business lines’ performance to help us refine our businesses’ portfolios and seek new profitable opportunities to deliver innovative insurance solutions to our clients globally."

XL chief financial officer Pete Porrino added, "Our insurance businesses are poised to continue their margin expansion and Chris will play a crucial role on our Insurance Leadership Team, helping guide our activities for continued profitable growth."

Dougherty comes to XL from Axis Capital Holding, where he was acting as a chief risk officer of its reinsurance operation since 2009.

As an associate of the Casualty Actuarial Society, he has over 20 years of experience in the property and casualty insurance business and served in a variety of underwriting, finance, risk management and actuarial roles.

XL Group, through its subsidiaries, is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises globally.