XL Group Creates Dedicated Cyber & Technology Risk Business Unit

(RTTNews) - XL Group plc (XL) said Wedneday that its Global Professional unit has established a North America Cyber & Technology Risk business unit to meet the rapidly growing demand for cyber insurance in the US and Canada.

XL Group previously provided cyber and technology errors and omissions insurance coverage through its Select Professional business unit, which provides miscellaneous professional liability insurance to various business niches.

XL Group's North America Cyber & Technology business is led by John Coletti in New York. Previously Cyber & Technology Underwriting Manager within XL Group's Select Professional business, Coletti is promoted to Chief Underwriting Officer of the new business unit.

XL Group's North America Cyber & Technology business is headquartered in New York City with underwriting offices in Chicago, Dallas, Washington, DC and Atlanta.