Hamilton, Bermuda — XL Capital Ltd. recently named Michael McGavick as its next CEO.
McGavick is scheduled to join the XL on May 1, replacing Brian O'Hara, CEO for the last 13 years, who announced in October 2007 he would retire as CEO by mid-2008. To provide continuity during the transition, O'Hara, who is currently serving as acting chairman of XL's board of directors, will serve as chairman during the final year of his current term on the board, which expires in April 2009.
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