Ms. Muldoon's new responsibilities include assessing potential corporate development opportunities; coordinating the due diligence of corporate acquisitions, joint ventures and corporate partnerships; and providing general financial advisory services to the executive management team, with respect to strategy, forecasting, planning and variance reporting activities of the Company.
Ms. Muldoon joined XL Europe Ltd in February 1993. She has held various progressively senior leadership positions during her 14-year career with the Company, including Vice President and Controller of XL Europe Ltd, Chief Financial Officer and Secretary of XL Europe Ltd, Treasurer of European Operations, and Managing Director of XL's operations in Dublin. Ms. Muldoon has been Financial Planning Officer for XL since November 2003. Prior to joining the Company, she held accounting and auditing roles with Chase Bank Ireland and Deloitte & Touche, respectively.
Ms. Luck, commenting on Ms. Muldoon's appointment, said: "I am pleased that Fiona has taken on this expanded role which encompasses some vital functions for the Company as it looks forward to its strategic opportunities in 2007 and beyond. Fiona will be working closely with Senior Vice President and Head of Segment Strategy and Development Jacqueline Jones, who reports to Chief Operating Officer Henry Keeling and is responsible for defining XL's four underwriting segment strategies, and identifying and developing new business opportunities. In 2003, Fiona assumed responsibility for defining and developing the process around XL's annual business and 3-year strategic plan. During that time, she has also improved our management performance-based analytics for the diverse operations of our Company. Her strong leadership skills and financial expertise during the last 14 years have been invaluable and I look forward to continuing to work with Fiona in her new role."
XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of December 31, 2006, XL Capital Ltd had consolidated assets of approximately $59.3 billion and consolidated shareholders' equity of approximately $10.1 billion. More information about XL Capital Ltd is available at www.xlgroup.com.