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Muldoon named to senior XL post

Fiona Muldoon has been appointed corporate strategy, development and planning officer of XL Capital<$>.

She has also been made a senior vice president of the multi-billion dollar insurance and reinsurance company, which has offices in Bermudiana Road.

Ms Muldoon joined XL Europe in 1993 and worked her way up the company, holding positions that included vice president and controller of the European operations, as well as treasurer, secretary and financial officer of XL Europe. She was also managing director of XL’s operations in Dublin before becoming financial planning officer with XL in 2003.

Before joining the company she worked in accounting and auditing roles with Chase Bank and Deloitte & Touche.

In her new role Ms Muldoon will have responsibilities that include assessing potential development opportunities, coordinating due diligence of corporate acquisitions, joint ventures and partnerships and providing financial advisory services to executives.

She will report to XL chief of staff Fiona Luck, who said: “I am pleased that Fiona has taken on this expanded role which encompasses some vital functions for the company as it looks forward to its strategic opportunities in 2007 and beyond.

“Fiona will be working closely with senior vice president and head of segment strategy and development Jacqueline Jones, who reports to chief operating officer Henry Keeling and is responsible for defining XL’s four underwriting segment strategies and identifying and developing new business opportunities.”

She added: “In 2003, Fiona assumed responsibility for defining and developing the process around XL’s annual business and three-year strategic plan. During that time she has also improved our management performance-based analytics for the diverse operations of the company.

“Her strong leadership skills and financial expertise during the last 14 years have been invaluable.”Insurance company BF&M Limited’s board of directors had approved an increase in the quarterly dividend by two cents to 16 cents per share.

The dividend is payable on April 13 to shareholders of record on March 30.