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XL Insurance expands speciality underwriting capabilities in Canada

xl_tony_trost NEWS HIGHLIGHT

XL Insurance expands speciality underwriting capabilities in Canada
XL Insurance, XL Capital Ltd’s global insurance operations, today announced the expansion of its specialty insurance product offerings in Canada with the appointment of a new aviation insurance team lead by Tony Trost.


August 12, 2008
By Carey Fredericks
 xl_tony_trost
Tony Trost

XL Insurance, XL Capital Ltd’s global insurance operations, today announced the expansion of its specialty insurance product offerings in Canada with the appointment of a new aviation insurance team lead by Tony Trost.
 
Trost joins XL Insurance’s global aviation and aerospace insurance unit as Canadian Aviation Manager, reporting to Rod Mearing, XL Insurance’s International Aviation Manager. The International book is part of the XL Global Aerospace division lead by Peter Bilsby, Chief Underwriting Officer in London. The new Canadian team also includes Jim Hyatt who joins XL Insurance as Assistant Vice President and Aviation Class Underwriter.
 
Trost brings more than 25 years experience in the specialty aviation and property/casualty insurance industry to XL Insurance’s aviation insurance team. He joins XL Insurance from Marsh Canada Limited where he served as senior vice president of its Canadian aviation practice. Throughout his career, Trost has held numerous senior-level positions with insurance brokers and carriers.  
 
Peter Bilsby, Chief Aviation Underwriter, said: “In today’s competitive market, Tony’s industry experience will prove to be a valuable local resource for Canadian aviation businesses. With Tony’s team in Toronto, our clients now have an alternative to the London Market, which they previously relied on for their aviation coverages. Local underwriting capabilities also offer XL Insurance the opportunity to see our clients' operations firsthand. This enables us to be more discerning and more efficient in the underwriting process which means we achieve a better understanding of our clients' risks, and this benefits both our clients and XL Insurance.”
 
According to Mr. Bilsby, ”Jim's unique and extensive experience as an Aircraft Maintenance Engineer, working on both fixed wing and rotor wing aircraft, coupled with his previous underwriting experience with a global aviation Managing General Agent will significantly enhance XL Insurance's Aviation underwriting capabilities.”
 
According to Cindy Guyatt, XL Insurance’s Country Manager for Canada: “XL Insurance’s expertise in specialty insurance lines, including aviation, is already well known in the London and US markets. While we have been able to offer aviation coverage through XL Insurance’s global platform, we’re especially pleased that we now can offer brokers local access to this expertise and offer aviation coverages from our local admitted carrier, XL Insurance Limited.”
 
About XL Insurance
 
"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance and its products are available at www.xlinsurance.com. Through its operating subsidiaries, XL Capital is a leading provider of global insurance and reinsurance coverage and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlcapital.com.