XL Capital Ltd announced that Paul S. Giordano, executive vice president, general counsel and secretary, has been appointed president of financial solutions operations with responsibility for XL Financial Solutions ("XLFS").

XLFS is an internal joint venture among the company's insurance, reinsurance and financial products and services segments, which provides alternative risk transfer products through tailored solutions, utilising insurance and capital markets techniques.

Brian O'Hara, president and chief executive officer of XL, said: "Paul Giordano is a valued member of XL's executive management team whose contributions and abilities go well beyond his legal role.

Paul's broad understanding of XL's businesses and strong transactional background make him highly qualified for this new role. Our expanding financial solutions business will benefit from his managerial capability and strategic guidance."

Mr. Giordano stated: "I am delighted to have the opportunity to work with Daniel Sussman, chief executive officer of XLFS, and his team of talented professionals. They have built an impressive foundation for XL's financial solutions business, and I look forward to helping XLFS meet an even broader range of our client's customised risk transfer needs."

Mr. Giordano joined XL in 1997 as senior vice president and general counsel. Prior to joining XL, he was in private legal practice in New York and London where he focused on general corporate law and financial transactions.

Mr. Giordano is a 1990 graduate of Harvard Law School, a 1987 graduate of Oxford University, where he was a Rhodes Scholar, and a 1985 graduate of the University of Missouri.

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Brian Madeiros, a director and sales representative at Coldwell Banker JW Bermuda Realty has been given the Coldwell Banker Previews Property Specialist award, the company announced this week.

The company said that only five percent of all the 100,000 Colwell Banker sales reps world-wide had been awarded the designation.

"In addition to a demanding performance criteria based on successful marketing luxury properties, Brian has had to complete a prescribed certification course to earn the designation," said Kendra Mello, corporate services manager. "The course covers topics such as developing detailed market analysis for sellers of luxury homes and how to make use of previews resources to implement specialised marketing plans that will expose exceptional properties to affluent buyers on a world-wide basis.

The company said that during the last two years Mr. Madeiros has listed and/or sold $28 million worth of residential property for his international clients and customers.

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Gary Schmalzriedt, chairman and chief executive officer of ACE Overseas General (AOG), announced that Tomas Urbanec has joined them as executive vice president, international personal lines.

AOG is a financial reporting segment of ACE Ltd. and comprises the company's international property casualty and accident and health businesses and its Lloyd's operations.

In his new role, Mr. Urbanec will work with ACE's regional management to create and implement the company's strategy for the continued development of personal lines business in Asia Pacific, Europe, Latin America and Japan.

He will report directly to Ed Clancy, president and chief operating officer of AOG, and will be based in New York.

Mr. Urbanec brings more than a decade of experience in personal lines to his new position, having worked for over six years with Progressive Insurance and Travelers and for over four years with American International Group.

He has been responsible for business development throughout South Asia, including Greece, Turkey, Egypt and Israel, as well as throughout Southeast Asia, including Hong Kong, Taiwan, Thailand and Malaysia.

"Tom's breadth of international experience in both emerging and mature insurance markets will be important in expanding ACE's existing personal lines operations and in establishing new operations in key markets," said Mr. Schmalzriedt. "Personal lines is a critical product line in the development of our consumer insurance business model and Tom's expertise in this regard will be invaluable."

Mr. Urbanec has an MBA in International Finance from Case Western Reserve University in Cleveland, Ohio and an undergraduate degree in Finance from Indiana University.

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Allied World Assurance Company (Europe) Ltd. (AWAC) announced the promotion of Nessa Goodman to the post of assistant vice president, general casualty.

Ms Goodman joined AWAC in November, 2002 as a senior underwriter in general casualty.

"As an experienced underwriter she has handled many of the larger, more difficult, excess casualty accounts written in Europe and has been the lead underwriter for the majority of the business written in Dublin," said John Redmond, president of AWAC Europe.

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Tyco International Ltd. has announced the promotion of Judith Reinsdorf, 40, to vice president and corporate secretary.

Ms Reinsdorf first joined Tyco in May 2003 as assistant corporate secretary. She has played a key role in working with the board of directors and management in improving the company's corporate governance and board procedures as well as its SEC public filings.

In her new position, she will focus on the company's commitment to being a leader in corporate governance and will be responsible for coordinating all corporate secretarial activities throughout all of Tyco's subsidiaries.

Ms Reinsdorf will work with Tyco's board of directors and its various committees, including the compensation, audit, and nominating and governance committees.

She also will have the lead legal role on Securities and Exchange Commission periodic filings, including the 10-Ks, 10-Qs and proxy statements. Ms Reinsdorf will report to William Lytton, executive vice president and general counsel.

Mr. Lytton said: "I have had the benefit of witnessing first hand not only Judy's incredible work ethic, but her passion about and commitment to good corporate governance. Her integrity is uncompromising and the quality of her work is superb. She has earned the trust and respect of the board of directors, senior management and her colleagues. She brings tremendous value to Tyco, and her promotion is well deserved."

Ms Reinsdorf said: "I am thrilled to work at a company with such a strong emphasis on corporate governance from both management and the board of directors. Much of what I do involves governance issues, and Tyco is committed to doing what is right for our stakeholders."