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XL Group Appoints Former Hartford Financial CEO Ayer To Board

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Former Hartford Financial Services Group Inc. (HIG) Chief Executive Ramani Ayer has joined property-and-casualty insurer XL Group PLC's (XL) board of directors. Ayer's "vast knowledge and industry experience complement the existing expertise of the board and will benefit the company," XL's Chairman Robert Glauber said in a statement. Ayer retired from Hartford in October 2009, after spending more than 12 years as the insurer's chairman and chief executive, during which he built Hartford's property/casualty and life insurance businesses. Ayer departed during one of Hartford's most tumultuous periods. Hartford was one of the life insurers most seriously affected by the market's decline in late 2008 and early 2009, taking huge hits because of its variable-annuity products. It was one of a handful of large insurers that got government bailout money during the financial crisis. Ayer is also a former chairman of the American Insurance Association, the Property & Casualty CEO Roundtable and the Insurance Services Office. He was chairman and is currently a member of Hartford Hospital. XL Group provides property, casualty and specialty products to industrial, commercial and professional firms and insurance companies. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; [email protected]

Stock News for Xl Capital (XL)
DateTimeHeadline
02/27/201717:28:01Initial Statement of Beneficial Ownership (3)
02/27/201717:26:57Initial Statement of Beneficial Ownership (3)
02/23/201717:33:11Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
02/23/201712:16:00XL Catlin announces Ocean Risk Grants for Early Career Scientists
02/23/201708:09:09Annual Report (10-k)
02/22/201716:22:20Current Report Filing (8-k)
02/22/201716:15:00XL Group Ltd Announces Retirement of Peter Porrino as Chief Financial...
02/21/201708:30:00XL Catlin Releases Contract eGuide Professional Services Agreements:...
02/17/201706:55:00XL Group Ltd Announces $1 Billion Share Buyback Program and Increase...
02/10/201717:12:51Statement of Ownership (sc 13g)
02/10/201714:11:11Amended Statement of Ownership (sc 13g/a)
02/10/201711:42:27Statement of Ownership (sc 13g)
02/09/201711:08:56Schedule 13g
02/07/201712:26:11Amended Statement of Ownership (sc 13g/a)
02/06/201706:03:23Amended Statement of Ownership (sc 13g/a)
02/01/201716:14:39Current Report Filing (8-k)
02/01/201716:05:00XL Group Ltd* Announces Fourth Quarter and Full Year 2016 Results
01/27/201706:10:50Amended Statement of Ownership (sc 13g/a)
01/24/201710:30:00XL Catlin Adds to Global Excess Casualty Insurance Teams In Dallas...
01/23/201708:08:00XL Catlin Obtains Final Approval to Establish an Onshore Reinsurance...

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