In his new role, Mr. Loder, who was formerly Vice President of nderwriting, Professional Lines at XLIB, is responsible for overseeing XLIB's second-largest portfolio of business and a team of nine people.
Mr. Loder's career in the insurance industry spans almost 25 years. He joined XLIB as Vice President of Underwriting, Professional Lines, in September 1999. His role involved underwriting of Employment Practices Liability, Directors and Officers Liability and Professional Liability, with a particular emphasis on Lawyer's Errors and Omissions coverage. The role also included providing regional responsibility for underwriting matters in Professional Lines within XL Insurance's Latin America region, including the Itau-XL joint venture in Brazil.
Prior to joining XLIB, Mr. Loder spent four years with Aon Group (Bermuda) Limited as Vice President of Professional Liability. Before this he was a Professional Lines retail broker for a large independent brokerage based out of Minneapolis, Minnesota. Mr. Loder began his career in the industry as an underwriter for St. Paul Companies (Travelers) in their Chicago and home offices.
Commenting on Mr. Loder's appointment, Chief Underwriting Officer of XL Insurance's Global Professional operations Mr. Bernard Horovitz said: "We are pleased to have someone of Jim's caliber within XL Insurance to be ready and able to step into this role. Jim has been instrumental in developing strategy for Professional products over the past few years and has excellent vision to ensure we continue our success."
Don Baker, President of XL Insurance (Bermuda) Ltd, added: "Jim has been a valuable member of the XLIB team during the past nine years. He has demonstrated strong leadership skills as he has taken on more responsibilities within XLIB. His depth of knowledge will further strengthen the Bermuda Professional Lines unit."
XL Insurance (Bermuda) Ltd, a Bermuda-based subsidiary of XL Capital Ltd (NYSE: XL), focuses on large corporate risks and professional lines. XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages 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.xlgroup.com.