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XL Insurance Names Bernard Horovitz Chief Underwriting Officer Global Professional

HARTFORD, April 3, 2008 – XL Insurance, the global insurance operation of XL Capital Ltd (NYSE:XL), today named Bernard R. Horovitz, ACAS, to be Chief Underwriting Officer of its Global Professional lines of business. Mr. Horovitz will report to John Glancy, Chief Underwriting Officer.
Mr. Horovitz served as XL Insurance’s Chief Actuary – Professional, which provides insurance indemnity for directors and officers, architects, engineers and other professionals against a variety of risks, including errors and omissions and employment practices. In his new role, Mr. Horovitz will oversee all operations in the Professional business unit, supervising a staff of more than 185 professionals throughout XL Insurance’s global enterprise.
Mr. Glancy said: “Bernie brings a wealth of experience and talent to this key role. With more than 21 years as a property-casualty actuary, he is ideally suited to the job. He has great energy. What’s more, his expertise ranges beyond actuarial methodology to all phases of the insurance operation, from underwriting, to marketing, to claims, and product management. I am delighted to have Bernie step into this position.”
Mr. Horovitz began his career at Aetna Life & Casualty in 1986, working in commercial lines pricing, corporate finance, personal auto, homeowners and actuarial. He joined Executive Risk in 1994 where he worked in various units, eventually rising to the position of Assistant Vice President and Chief Actuary of Chubb Executive Risk’s Business Support Capabilities Department. He joined XL Insurance in 2000 as the Global Pricing and Reserving Actuary for professional lines.
An Allegheny College graduate with a B.S. degree in mathematics and a minor in economics, Mr. Horovitz is an Associate of the Casualty Actuarial Society.
“XL Insurance” is the global brand used by member companies of the XL Capital Ltd Group of Companies. XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverage to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Insurance and its products is available at For more information about XL Capital Ltd, please visit

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