Mr. Hodge was Chief Information Officer with Greenwich, Connecticut-based NAC Re Corp., which merged with XL in June this year. In his new position, he will work closely with business and IT leaders throughout the XL family of companies to provide technology vision and leadership and ensure that effective use is being made of IT resources worldwide.
XL President and Chief Executive Officer Brian M. O'Hara said: "John's global role includes oversight responsibility for all corporate-wide IT initiatives and projects. He will support our efforts to utilize the Internet and he will initiate appropriate IT standards, procedures and structure that will enable us to effectively manage our information, leverage our resources and generally support our growth."
He said: "John's appointment is a direct result of a strategic alignment program we have initiated to identify and leverage key synergies and centers of excellence among the very talented teams of professionals at XL."
Mr. Hodge, who has more than 20 years of management and consulting experience, joined NAC Re in 1993 after 13 years with insurance brokers Johnson & Higgins in New York and Bermuda. A member of the British Computer Society and the Institute of Management, Mr. Hodge was recently named by Insurance & Technology magazine as one of the top eight CIOs in the US insurance industry.
XL Capital Ltd, through its wholly-owned subsidiaries, including XL Insurance Ltd, XL Mid Ocean Reinsurance Ltd, XL Capital Products Ltd, The Brockbank Group plc and NAC Re Corp., provides insurance and reinsurance coverages and financial products worldwide. Following the completion of its merger with NAC Re Corp. in June 1999, XL had consolidated assets of approximately $14.1 billion and consolidated shareholders' equity of $5.6 billion. Additional information is available on the XL Capital web site: www.xl-capital.com.