XL Insurance has appointed Patrick Tannock as president of XL Insurance (Bermuda) (XLIB) and country manager, 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.
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 (CODA).
Mr Tannock will work with XLIB underwriting managers to provide strategic direction and leadership to the company’s business lines and manage the Bermuda insurance operations. In addition, he 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.
Dave Duclos, chief executive of XL Insurance, said: We are delighted to have Patrick join the XL Insurance team. 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.