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New Leader for Western Heritage

ANTHONY WASHINGTON has been promoted from vice president of Underwriting to president at Western Heritage Insurance Co. Anthony replaced Mike Horsman, who retired with more than 30 years of experience in the insurance industry.

"It feels significant to me to pass the torch to Anthony," said Horsman, "who is primed to bring new energy into the business."

XL Appoints Six

XL Insurance announced six new appointments. LAWRENCE LEJFER has been named vice president and senior underwriter for construction professional liability in New York. He joins XL from Zurich North America where was an underwriting manager.

RAYMOND ALLEN has been named assistant vice president and senior underwriter for construction professional liability in New York. Mr. Allen joins XL's construction team from its environmental unit where he served as a professional and pollution liability underwriter. Prior to his underwriting positions with XL, Allen served as an environmental claims consultant where he provided management and technical support for claims involving remediation projects and national spill-response management program.

MICHAEL BAXTER is now vice president of property in XL's Toronto office. Mr. Baxter is responsible for managing XL Insurance's Canadian property business, including energy and construction-related property coverages. He joins XL Insurance from Swiss Re Corporate Solutions, where he was vice president-engineering and construction.

JIM RICHERT is now risk engineer for subcontractor default insurance. He joins XL Insurance's North America Construction team from Zurich Services Corporation where he spent the last five years as a senior risk engineering consultant serving professional liability, subcontractor default and casualty insurance clients. He also brings hands-on construction industry experience to XL having spent nine years working for a major U.S. heavy/highway/transit contractor.

MARK KULAS has been named senior underwriter for construction property in XL's Chicago office. He was most recently with Zurich North America as a senior account executive underwriting Inland Marine/Builder's risk. Prior to his tenure in underwriting, he worked for Zurich's property claims department for nearly a decade handling large losses and catastrophe claims.

NANCY RUMMEL has been named vice president and executive underwriter in Construction Primary Casualty. She brings 30 years of multi-line underwriting experience to XL. Most recently, she was a managing account executive for Zurich North America, helping establish its construction underwriting operation in Indianapolis and managing activities in Kentucky, Indiana and Michigan.

"When we first established the construction business unit just over a year ago, we anticipated that we would attract contractors who would not only rely on us for quality coverage but who also valued industry-focused and high-quality service. And we did," said Gary Kaplan,pPresident of XL Insurance's North America construction team. "Our new XL colleagues are additional assurance that we are well equipped and well staffed to address our growing client base with continued high level of service. We have not only built a dedicated Construction team, but built it with some of the most knowledgeable, most committed talent in our industry."

Schreiber Treasurer at AIG

AIG announced that BRIAN T. SCHREIBER, executive vice president, treasury and capital markets, has been named to the additional role of AIG treasurer. He is succeeding Robert A. Gender, AIG's treasurer since 2005.

Mr. Schreiber joined AIG in 1997 as a portfolio manager in AIG's asset-management group. Since then, he has held a series of positions of increasing responsibility before being named AIG vice president, strategic planning in 2002, senior vice president in 2003, and executive vice president, treasury and capital markets last year.

"Brian's leadership, in particular around AIG's restructuring and recapitalization, as well as helping AIG regain access to the public equity markets, has played a key role in our reemergence as an independent company," said David L. Herzog, AIG chief financial officer. "In his new role, Brian will be working closely with me as we execute on our capital management goals."

September 13, 2011

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