XL Insurance has announced the formation of a new global product development team to address its customers' risk management needs.
The team will work with XL Insurance business units, customers, and brokers to identify, develop and implement innovative new products. They will also evaluate existing products and identify opportunities for enhancement.
Nigel Mortimer has been appointed as the senior vice president and director of product development for XL Insurance. In addition, William Burrows has been appointed as the vice president of the new product development for North America and Laurence Flynn has been appointed as the vice president of the new team for UK & Ireland.
John Glancy, chief underwriting officer for XL Insurance, said: Having a team dedicated to product development will help us to improve service to our customers by offering better risk products on a global basis, supported by XL Insurance’s superior customer responsiveness and financial security.