XL Group's North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating officer (COO), reporting to Joe Tocco, NAPC Chief Executive. Ms. Nadeau previously served as NAPC's Chief Actuary.
Commenting on Ms. Nadeau’s appointment, Mr. Tocco said: "In the last few years, Donna dramatically changed how our actuaries work with our business leaders and underwriters and helped deliver data analytics and monitoring tools that help us manage profitability and grow wisely. Her incredible analytic skills, knowledge of our businesses, and attention to operational effectiveness will serve our team well as she steps into our COO role."
Ms. Nadeau assumes the COO role previously held by Mike Garceau, recently named Chief Financial Officer of XL Group’s global insurance operations.
In this role, she will manage the operational functions supporting XL Group’s NAPC businesses which include Property, Excess & Surplus, Environmental, North America Programs, Construction, Excess Casualty, and Global Risk Management, which includes US Risk Management and Multinational Casualty.
In addition to leading NAPC’s budget & planning processes, Ms. Nadeau’s responsibilities also include developing the business’ support and strategic resources and directing its expense, performance and IT management.
Since joining XL Group in 2003, Ms. Nadeau has held progressively more senior actuarial and management positions. In recognition of her contributions, she was named a Managing Director to XL Group’s Leadership Council in May 2014. Prior to her tenure with XL, she held actuarial positions with Kemper Insurance Companies and Liberty Mutual.
A graduate of Boston College, Ms. Nadeau is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.