XL Insurance Promotes Two Senior Underwriters

XL Insurance Ltd. has promoted Matthew Irvine to chief underwriting officer of XL’s Professional Lines unit, and Stephen Outerbridge to senior VP, underwriter.

Irvine succeeds James Loder, who was recently named chief underwriting officer/senior VP of XL's new CSI-Complex Situational Insurance unit. Irvine will be responsible for a team of 11 underwriters and support people. He joined XL’s Lloyd’s syndicate operation, XL London Market Ltd., in 1998. In 2002, he transferred to XL’s Professional Lines unit in Bermuda.

Prior to joining XL, Irvine was an underwriter at the SVB Syndicates Agency for three years, where he was involved in the underwriting of United Kingdom and United States Errors and Omissions, Directors and Officers, and Employment Practices Liability business. Irvine began his insurance career in 1992 as a senior account executive/broker at the Minet Group, where he was responsible for placement of the North American Errors and Omissions business in the London market.

Outerbridge, who reports to Irvine, has 20 years of industry experience, including 15 years in underwriting, according to XL. He was senior VP/manager of the professional lines department at Ariel Reinsurance Co. Ltd. from 2006 to 2010. Prior to that, Outerbridge was VP within ACE Bermuda’s professional lines department, where he also acted as deputy department manager.