XL Group's North America Property team announced the promotions of Michele Sansone to chief underwriting officer and Wade Pitman to head of general property, a newly created role. Both of them will report to Joseph Tocco, president of XL's North America Property unit.
"With more than 50 years of global property underwriting experience between them, Michele and Wade's knowledge of managing large global property risks is unrivalled," Tocco said. "Given their proven track records and passion for this industry, we expect that they'll be very effective in driving our continued success and profitable growth in North America."
Sansone will be responsible for establishing underwriting standards and protocols across XL Group's North America Property operation, XL Group said. She joined the company in 2011 and was SVP and Eastern regional executive most recently.
Pitman will assume management responsibility for XL's regional property underwriting operations in New York, Atlanta, Chicago, Dallas, Los Angeles and San Francisco, XL said. He and his team will be responsible for offering property coverages and helping coordinate risk engineering services through XL Global Asset Protection Services, the company’s loss prevention consulting firm. Pitman joined the company in 2011 as SVP and Western senior executive for Property.
"Over the last few years, our book of complex property risks has grown impressively and this has created opportunities for our team to grow with it," Tocco said. "In their prior positions, Michele and Wade both proved effective in managing XL's property underwriting activities in our East and West U.S. zones and now, they are taking on larger underwriting management responsibilities, for all of North America."
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