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XL Insurance Names David J. Molitano to New Tech E&O Underwriting Position

 — NEW YORK, August 19, 2008 – XL Insurance, XL Capital Ltd’s global insurance operations, today announced the appointment of David J. Molitano to the new position of Technology Errors & Omissions (E&O) manager in its Select Professional underwriting group. Mr. Molitano reports to Donald Allard, XL Insurance’s Chief Underwriting Officer for Select Professional and is based in Boston.
According to Mr. Allard: “XL Insurance is well-known for its tailored, industry-specific E&O insurance programs. With David onboard, adding his considerable experience in underwriting technology risks, we continue to expand our specialized underwriting capabilities and are well-equipped to develop the right insurance programs to address the tech industry’s evolving E&O exposures.”
Reina Gregorio, Senior Vice President and head of XL Insurance’s Select Professional group, said: "Professional liability risks differ by industry. Providing quality service and coverage to address those needs requires the level of industry knowledge and insight that David has about tech E&O risks. We’re pleased to have David join our Select Professional team as we continue to expand our leadership in the professional liability marketplace.”
XL Insurance’s Select Professional group works with various brokers and wholesalers to address the E&O insurance needs of small to mid-size service providers including lawyers, consultants, TPAs, ad agencies, franchisers, real estate agents, insurance agents, and many other non-medical service providers.
Mr. Molitano joins XL Insurance from Beasley USA where he managed a book of miscellaneous, technology and media professional liability business. His professional career includes tenure in various underwriting and management positions with Lexington Insurance Company, Chubb, and The Hartford. He earned his undergraduate degree from Central Connecticut State University and his MBA from Rensselaer Polytechnic Institute.
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 is available at http://www.xlinsurance.com Through its operating subsidiaries, XL Capital Ltd 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.xlgroup.com.

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