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XL Group plc is a financial services company headquartered in Ireland with executive offices in Bermuda. The company has approximately 3600 employees and offices on Africa, Asia, Australia, Europe, North America and South America. Formerly XL Capital Ltd, the company officially changed its name and domicile on 1 July 2010.

Structure[link]

The company is organized into three operating segments – Insurance, Reinsurance and Life Operations. Its Life Operations segment is currently not accepting any new business.^[3]

Its global Insurance segment operates under the brand ‘XL Insurance’ and provides commercial property, casualty, professional liability, environmental liability, aviation and satellite, marine and offshore energy, product recall, political risks, equine, fine art and specie, excess and surplus lines and other insurance coverages.

XL’s Reinsurance companies, collectively known as ‘XL Re’, provide casualty, property risk (including energy and engineering), property catastrophe, marine, aviation, and other specialty reinsurance globally.

History[link]

According to the company website: "XL Capital Ltd (XL) was founded in 1986 as EXEL Limited by 68 of the world's largest global corporations in response to a severe shortage of liability insurance in the United States. XL’s insurance company, X.L. Insurance Company Limited, now known as XL Insurance (Bermuda) Ltd, provided excess liability insurance coverage for large commercial customers, drawn principally from Fortune 1000/FTSE 100.^[4]

Ian Heap was appointed the company’s first CEO in 1987, followed by Michael Kevany in 1989 serving until 1994. Brian O’Hara became XL’s third CEO in 1994^[5] serving in that position until 2008 when Mike McGavick^[6] stepped into the CEO position in May of that year.
They currently have naming rights on the XL Center in Hartford, Connecticut.

Two of its former subsidiaries, XL Capital Assurance and XL Financial Assurance, have separated completely and merged to become Syncora Guarantee, a monoline financial guarantee insurance provider. In 2008, XL made a one-time, $1.74 billion payment to Syncora to end its exposure to the bond insurer.

References[link]

Footnotes[link]

1. ^ Mike McGavick Mike McGavick
2. ^ Company Overview - XL Group.com
3. ^ Life Insurance Operations by XL [1]
4. ^ Exel names new chairman [2]
5. ^ Exel names new chairman [3]
6. ^ XL names Mike McGavick as CEO [4]

External links[link]

• Official website

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Look up group in Wiktionary, the free dictionary.

A group is a number of things or persons being in some relation to one another.

Mathematics[link]

• Group (mathematics), a set together with a binary operation satisfying certain algebraic conditions
  • Group theory, the study of groups
  • Group action, a way of describing the symmetries of objects using groups
  • Group isomorphism, a one-to-one correspondence (function) between two groups which respects the given group operations
  • Group object, a kind of generalization of a group which is built on more complicated structures than sets

Science[link]

Chemistry

• Functional group, a functional entity consisting of certain atoms whose presence provides a certain property to a molecule
• Group (periodic table), a column in the periodic table of chemical elements

Biology

• Cultivar group, a formal classification category in the International Code of Nomenclature for Cultivated Plants (ICNCP)
• Group selection, in evolutionary biology, the idea that alleles can become fixed or spread in a population because of the benefits they bestow upon groups of organisms

Cosmology

• Galaxy groups and clusters, a small number of galaxies near each other
  • Local Group, the group containing the Milky Way Galaxy

Other

• Group delay and phase delay
• a set of lenses stacked together
• Group (stratigraphy), in geology, a lithostratigraphical unit; a group consists of formations, or rock strata.

Business[link]

• Business group, a legal entity comprising several companies

Sociology[link]

• Social groups, a description of various human groups
  • Peer group
  • Working group
  • Interest group
• Group action (sociology)
• Group affective tone
• Group aggression
• Group attribution error
• Group behaviour
• Group cohesiveness
• Group conflict
• Group development
• Group dynamics
• Group guilt
• Group narcissism
• Group polarization
• Group psychological abuse
• Group scapegoating
• Group-serving bias

Computing and the internet[link]

• Group (computing), a collection of users or other objects
  • Group identifier (Unix)
• Group editor, a program that allows many people to edit a shared document over a computer network
• Usenet newsgroup

Military[link]

• Army group
• Group (air force), an air force formation
• Group Captain

Other uses[link]

• Breed Groups (dog), the group or category to which breeds of dogs are assigned by kennel clubs
• Group (auto racing), a category of car allowed to compete in auto racing.
• Group insurance covering people with common characteristics
• A musical ensemble:
  • Boy band
  • Girl group
  • Groupies

See also[link]

• Grouping (disambiguation)
• The Group (disambiguation)
• Functional group (disambiguation)

This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.

Michael S. "Mike" McGavick (born February 7, 1958, Seattle, Washington) is an American business executive and a graduate of the University of Washington.

McGavick was a Republican candidate for the US Senate seat held by Maria Cantwell in the 2006 election, but Cantwell retained her seat. In March 2008, Bermuda-based XL Capital announced that McGavick would take over as CEO beginning on May 1, 2008.^[1]

Professional life[link]

McGavick is the CEO of Bermuda-based XL Capital Ltd, and former Chairman/President/CEO of the insurance company Safeco.

He served as Chief of Staff to U.S. Senator Slade Gorton and manager of Gorton's campaign in 1988. He later served as Director of the American Insurance Association's Superfund Improvement Project in Washington, D.C., where he was the American Insurance Association's lead negotiator in working to transform the nation's Superfund environmental laws. He was also a staff member of the Seattle-based Washington Roundtable, a non-partisan policy research group composed of the chief executive officers of the state's largest corporations.^{[citation needed]}

McGavick was Senior Financial Officer for Continental Casualty Company (CNA)'s Commercial Lines Group, Vice President of CNA's New Ventures group, and President and Chief Operating Officer of CNA's largest operating department. The department, with $3.5 billion in annual revenues, provided the majority of CNA's commercial insurance products.^{[citation needed]} It also was responsible for managing and strengthening CNA's relationship with its independent agent distribution system.^{[citation needed]}

Safeco[link]

McGavick was named "CEO of the Year" by the Puget Sound Business Journal in 2002.^[2] On July 18, 2005, McGavick announced that effective August 31 he would step down as CEO of Safeco, but would remain on as Chairman until the end of 2005. McGavick explained that he expected "to give full consideration to the possibility of public service". On July 19, 2005, McGavick announced that he was forming an exploratory committee for a 2006 bid for the Washington United States Senate seat held by Maria Cantwell.

Family life[link]

Born in 1958, Mike grew up in Seattle's Wallingford neighborhood with two sisters, Molly and Meaghan. His parents, Joe and Carole, were active in local civics. He attended Seattle Preparatory School, an elite college prep school but did not complete his education. His father, Joe, served both in the State Legislature and on the State Liquor Control Board. Joe McGavick was the last Republican to serve the Wallingford neighborhood since the Great Depression.^[3] McGavick has credited his father for sparking his interest in politics.^[3]

McGavick's wife, Gaelynn, is an attorney by training who did not complete her education has experience in the arena of health care policy. The McGavick's have one son, Jack, attending the University of Virginia, and two younger sons, Gates and Marco.

Senate campaign[link]

McGavick makes "civility" a central campaign theme[link]

In early January 2006, McGavick began his campaign full-time for the U.S. Senate, saying he would bring a "Northwestern voice of civility" to what he described as a culture of infighting in the nation's capital.[3]

For most of July, the McGavick campaigned traveled around the state in an RV, making stops in: Seattle, Sedro-Woolley, Oak Harbor, Anacortes, Bellingham, Friday Harbor, Port Angeles, Forks, Clallam Bay, Bremerton, Belfair, Satsop, Aberdeen, Raymond, South Bend, Seaview, Naselle, Cathlamet, Vancouver, Goldendale, Pateros, Brewster, Republic, Colville, Spokane, Pullman, Clarkston, Pomeroy, Dayton, Prosser, Ritzville, Moses Lake, Leavenworth, and Yakima, among others.[4]

Schwartzman v. McGavick[link]

In August 2006, Safeco Insurance Co. shareholder Emma Schwartzman, the great, great granddaughter of one of the Safeco Corporation founders, filed a lawsuit^[4] against him and the Safeco corporation, claiming that his $28 million salary upon leaving his job was fraudulent and wasteful.^[5]

Knoll Lowney, a Seattle lawyer, represented Schwartzman.

Supported teaching intelligent design[link]

In an August 2006 interview, McGavick said intelligent design should be taught in public schools and that it is appropriate to be taught in science class despite the 2005 court ruling prohibiting it.^[6]

Timeline of 2006 Senate race[link]

On October 26, 2005, Mike McGavick announced on KIRO Radio that he was an official candidate in the 2006 Senate race.

In the May 2006 edition of the Weekly Standard, McGavick made the argument that Iran should be banned from the FIFA World Cup due to its nuclear weapons research program and statements by Iranian President Mahmoud Ahmadinejad that deny the truthfulness of the holocaust (which is a criminal offense in the 2006 World Cup host country, Germany).^[7]

On April 26, 2006, the Washington State Democratic Party filed a complaint with the Federal Elections Commission alleging that the $17 million severance in cash and accelerated stock options given to him by Safeco amounted to an illegal campaign contribution to his Senate campaign. The FEC dismissed the case, stating, "The commission concluded that these payments were ordinary employment-related compensation made irrespective of Mr. McGavick's candidacy."^[8]

References[link]

External links[link]

• Mike McGavick's Executive Biography
• March 2006 CIAB Magazine Profile of McGavick