Connell retires from XL Capital. (Executives).XL Capital Ltd. said K. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Connell Connell can refer to: People
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. officer, would take early retirement from the company to pursue personal interests. Connell was the first chief underwriting officer for XL Europe, heading the operation in Dublin from 1990 to 1993. Upon returning to Bermuda, he spearheaded XL's developing product offering in the reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. sector, set up the original XL Re and was executive vice president and chief underwriting officer through the acquisition of Global Capital Re until the merger with Mid Ocean. In 1998, Connell was charged with drafting and implementing the financial guarantee business plan, as well as developing the expanding financial-convergence products as chief executive officer of XL Financial Products and Services. In 2000, He was appointed XL Capital's group underwriting officer, responsible for group underwriting policy including property and casualty risk management. |
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