XL Group, an insurance and reinsurance company, has appointed Gregory Hendrick as executive vice president of strategic growth, effective immediately. He will lead the company's newly-created Office of Strategic Growth.
In his new role, Hendrick will be responsible for guiding XL’s strategic planning, focused on enhancing the company’s operational efficiencies and further growing XL’s underwriting units. He will report to XL CEO Mike McGavick and will also serve on the company’s management team.
Prior to the new appointment, Hendrick was president and chief underwriting officer of XL Re, XL’s Bermuda-based reinsurance company, for the past six years.
During his 15 years with XL, Hendrick has held various senior leadership positions including vice president and underwriter of XL Mid Ocean Re, and senior vice president and chief property underwriter for XL’s Bermuda reinsurance operations.
Hendrick’s reinsurance position will be filled by Bermudian underwriter Charles Cooper, who most recently was executive vice president and head of North American property catastrophe reinsurance underwriting at Validus Reinsurance.
Hendrick has 15 years of experience in the industry, including nine years with XL.
McGavick said, Greg’s focus on strategy and his leadership of the new office will allow the company to carefully plan for the future and clearly track the progress and success.