XL Insurance – Growth Drivers
Profitable growth
- Significant price increases
- Increased net retention
- Expand core specialty lines
- Solidify broker and customer relations
- Leverage group marketing
Change in terms and conditions to improve ROEs
- Rate + risk deductibles + lower limits + lower commissions = accelerating cash flow
Leverage XL Winterthur International (completed in 7/01)
- Expands integrated global franchise
- Capitalize on established brand, particularly in Europe
- Re-underwrite book
- Deeper access to the Fortune 2000 companies in the U.S.