The transformer-Mike McGavick

The transformer-Mike McGavick

The transformer-Mike McGavick

Mike McGavick joined XL Group in 2008 as CEO as the group was reeling from direct hits incurred by its financial guarantee company during the credit crisis and many feared that it would not recover. Mr McGavick has, however, led a remarkable turnaround in fortunes for the group, which was recently confirmed by another decent set of quarterly numbers and the decision by Standard & Poor’s to affirm its credit rating and revise the outlook to ‘Stable’ from ‘Negative’. S&P also changed its assessment of XL’s Enterprise Risk Management [ERM] to ‘Strong’ from ‘Adequate’.

A guide to change-Peter Skinner

A guide to change-Peter Skinner

A guide to change-Peter Skinner

Commercial insurance buyers are being listened to in the Solvency II debate and the powers that be do know what a captive is. But Peter Skinner, MEP in charge of the new insurance capital adequacy regime, told CRE Editor Adrian Ladbury that risk managers must stay involved and state their case right up to the final whistle.