XL Adds Excess Auto to E&S Insurance Offering

The insurance segment of XL Group plc added excess auto to its Excess & Surplus (E&S) product offerings and hired Michael Gramm to manage the new product line. Mr. Gramm joins as vice president – excess auto and will be based in Chicago, reporting to Roxanne Mitchell, President of XL’s E&S unit.

According to Ms. Mitchell, “This year is going to be a busy year for our E&S team as we gear up to enhance both our surplus lines products and distribution. In just the last six months, we have added both railroad and property expertise to more coverages that our clients need. Now, using Mike’s underwriting skill and direction, our new Excess Auto capabilities allow us even more opportunity to address our brokers and clients’ complex risk needs.”

Gramm joins XL’s E&S from Markel Corporation where he was director of their transportation product lines. He brings a decade of dedicated transportation risk management experience honed in underwriting and management positions at Risk Specialists Companies, a division of CHARTIS and National Interstate Insurance Company.

Source: XL Group plc