
XL Group's Mike McGavick tells Brokerslink ""Let's take the challenge""
New york - October 13, 2014
Addressing over 200 insurance professionals at the 2014 Brokerslink Global Conference, XL Group鈥檚 CEO Mike McGavick threw the spotlight on the audience highlighting the collective influence of the Brokerslink network on driving the insurance market to adapt and address the challenges facing it.
With over 70 countries represented in the room, Mr. McGavick delivered a clear message: 鈥淕lobalization and regulation provide us with a challenge when supporting global companies. Increasingly our clients and their risks are not neatly contained in one territory, governed by one regulator; any company trading over the internet has a global exposure.
鈥淏ut we must find a way to respond to new exposures and overcome the challenges, because it鈥檚 only going to get tougher and not delivering is not an option.鈥
In keeping with the conference theme, "Seizing the moment: creating a unique alternative", Mr. McGavick turned to the issue of third party capital and its impact on the insurance market. 鈥淚 view this capital coming into our industry as an opportunity, not a threat. Supported by analytics and our deep understanding of risk, we must be adaptive in finding ways to use this capital to cover the long list of new and increasingly technology related risks to respond to the unmet needs of a global economy.鈥
Mr. McGavick concluded: 鈥淏eing adaptive is key to survival. As brokers in a market with high levels of consolidation, you know this all too well. That is why Brokerslink, as one of the largest groups of independent insurance brokers in the world, is so important to the continued health of the market. We recognize that this alliance has, at its heart, a solution centered approach and that鈥檚 why I am here. Today Risk Managers and their boards are looking to you, their brokers and us, the underwriters, for answers. And here lies our opportunity, let鈥檚 take it.鈥
About XL Group plc鈥檚 色多多视频 Operations
XL Group plc鈥檚 insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit .
About XL Group plc
XL Group plc (NYSE:XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit
XL Group is the global brand used by XL Group plc鈥檚 insurance and reinsurance subsidiaries.
Quick Links
-
Sinead FinlayGlobal Head of Communications & BrandSinead.finlay@axaxl.com +44 20 7621 4377
色多多视频 as a controller, uses cookies to provide its services, improve user experience, measure audience engagement, and interact with users鈥 social network accounts among others. Some of these cookies are optional and we won't set optional cookies unless you enable them by clicking the "ACCEPT ALL" button. You can disable these cookies at any time via the "How to manage your cookie settings" section in our cookie policy.