Hamilton, Bermuda-based insurer XL Capital, Ltd., announced a number of promotions and the formation of a new office of the chief executive officer effective July 1.
The new office, reporting to Brian M. O'Hara, president and CEO, will consist of five senior executive functions. These will include chief financial officer, chief investment officer and chief executive-business services, and two newly-created roles–chief operating officer and chief of staff.
XL said it is currently conducting an external search for the chief executive-business services, who will be responsible for overall execution and service delivery across the entire company and will oversee infrastructure and project management, including information technology systems and technology, procurement, real estate, facilities and outsourcing.
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