LONDON, Sept. 13 /PRNewswire/ -- XL Insurance Company Limited ("XLICL"),
part of XL Capital Ltd (NYSE: XL) ("XL"), today announced the appointment of
Dr. Gernot Klantschnig as Country Manager for its German Branch. Dr.
Klantschnig will take up his new position with effect from March 1, 2005.
Dr. Klantschnig will be responsible for leading the continued growth and
development of XL's insurance business in Germany as one of the major
providers of insurance solutions to German international and national
corporations.
Mr. Clive Tobin, Chief Executive of XL's Insurance Operations, said:
"Germany is a vital market for our insurance business. The appointment of
Dr. Klantschnig underlines our commitment to both Germany and Continental
Europe and our resolve to attract top insurance industry talent to XL. We are
extremely pleased that someone with the experience of Dr. Klantschnig has
agreed to join our organization."
Dr. Klantschnig has over 20 years experience in the industrial insurance
industry. He has spent the past 16 years working in the risk management
segment at Allianz where he has served as a member of the management board
since 1999.
The ultimate parent company of XL Insurance Company Limited is XL Capital
Ltd, which, through its operating subsidiaries, is a leading provider of
insurance and reinsurance coverages and financial products to industrial,
commercial, and professional service firms, insurance companies, and other
enterprises on a worldwide basis. As of June 30, 2004, XL Capital Ltd had
consolidated assets of approximately $45.5 billion and consolidated
shareholders' equity of approximately $7.1 billion. More information about XL
Capital Ltd is available at http://www.xlcapital.com.
SOURCE XL Insurance Company Limited
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Related links:
http://www.xlcapital.com
CONTACT:
Juliet Carey, Weber Shandwick,
00-207-067-0704, or Roger R. Scotton, Media Relations, XL
Capital, +1-441-294-7165
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