Log In

Reset Password
BERMUDA | RSS PODCAST

Loder to head XLIB’s new complex situation department

XL Insurance (Bermuda) Ltd has created a new department within its Professional Lines unit to handle unique, complex insurance risks.

The department, CSI-Complex Situational Insurance, will be led by former XLIB professional lines chief underwriting officer James Loder.

It will focus on the creation of novel solutions for complex and “one off” non-traditional insurance risks as well as transactional and contingent liability exposures.

In his new role as chief underwriting officer/senior vice-president of CSI, Mr Loder’s responsibilities will include development of a portfolio of unique risk products which fall outside the mainstream insurance marketplace, development and implementation of new or modified underwriting strategies, and leading a team in the management of high-performance specialists comprised of underwriters, analysts, chartered accountants, attorneys and other professionals.

Mr Loder’s career in the insurance industry spans over 25 years. He joined XLIB as vice-president of underwriting, professional lines, in September 1999. His role involved underwriting of Employment Practices Liability, Directors and Officers Liability and Professional Liability, with a particular emphasis on Lawyer’s Errors and Omissions coverage. The role also included providing regional responsibility for underwriting matters in Professional Lines within XL Insurance’s Latin America region, including the Itau-XL joint venture in Brazil.

Prior to joining XLIB, Mr Loder spent four years with Aon Group (Bermuda) Ltd as vice-president of professional liability. Before this he was a Professional Lines retail broker for a large independent brokerage based out of Minneapolis, Minnesota. Mr. Loder began his career in the industry as an underwriter for St Paul Companies (Travelers) in their Chicago and home offices.

Chief Executive of XL’s Global Professional Insurance operations, Bernard Horovitz, said: “XL Insurance’s Professional Lines business is well known for its creative, entrepreneurial spirit. This is another example of the talent and innovation that we provide to address existing and emerging risks facing our clients.”

Patrick Tannock, XLIB President, said: “Since inception, the Bermuda market has had a reputation for being an incubator for solutions to complex risk. This new department will not only serve as a centre of excellence for XLIB but we anticipate that it will also serve to enhance the broader Bermuda market as we work to address the ever evolving needs of our corporate clients.

“With Jim’s technical underwriting knowledge and vast experience, I have every confidence that this department will be beneficial to XLIB and Bermuda.”

XLIB's Jim Loder

You must be Registered or to post comment or to vote.

Published November 09, 2011 at 1:00 am (Updated November 09, 2011 at 8:14 am)

Loder to head XLIB’s new complex situation department

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon