2009 has been quite a year.  A new President took office, health care reform was the topic of debate and the Yankees (sorry, Philadelphia) won their 27th World Series title at their brand new ballpark, all while the ups and downs of the economy continued to dominate the news and our lives.

Despite unprecedented competitiveness in our market and the continued woes of our economy, we, at XL Insurance, are very proud of what we accomplished in 2009. Undoubtedly, our most impressive accomplishment is XL's improved financial picture.  During the year, XL Capital Ltd book value has more than doubled and the stock price has increased six-fold.  More brokers and clients are interested in hearing about what we have to offer rather than an explanation of XL's financial situation.  That's a very good place to be.

We could not have gotten here without you, our valued brokers.  You were willing to listen, put your questions on the table and took the time to educate yourself - about XL, yes, but also about the market and issues surrounding our industry as a whole.  For your support, we thank you.  And now, with our past issues behind us, we look forward to focusing our energy on providing you and your clients with first class insurance and risk management products.  
 
As you look toward 2010, many of us spend the end of the year in a time of reflection.  No time is a bad time to review and reevaluate loss prevention best practices.  In that spirit, I'm pleased to forward an article full of thoughtful advice - written by two XL Insurance loss prevention specialists, Dane Lopes of XL GAPS and Gregg Shields of our Environmental group.  Feel free to give this article to those clients you feel may benefit from Dane and Gregg's advice. 

While we will likely find ourselves reflecting on what happened during the last 12 months, we are also using what's left of 2009 wisely - thinking about what we'd like to make happen for 2010.   As we enter a New Year, we too can resolve to take a more active and aggressive role in helping our clients manage their risks to maintain a strong footing in our recovering economy. 

We look forward to helping you and your clients make things happen in 2010.    

Best wishes for the year ahead,

Dennis_Kane signature
Dennis Kane
Chief Executive - North American Property & Casualty
XL Insurance
Dennis.Kane@xlgroup.com

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A New Year,
a recovering economy: No better time for some risk management resolutions

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"XL Insurance" is a registered trademark of XL Capital Ltd. XL Insurance is the global brand used by member insurers of the XL Capital Ltd group of companies. In the US, coverages are underwritten by Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Insurance Company of New York, Inc., XL Select Insurance Company, and XL Specialty Insurance Company. In Canada, coverages are underwritten by XL Insurance Company Limited-Canadian Branch. Coverages not available in all jurisdictions.
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