Menu

Reinsurance News

Stephen Robb to succeed Peter Porrino as XL Chief Financial Officer

23rd February 2017 - Author: Staff Writer

XL Group announced recently that Group Controller Stephen Robb will succeed retiring Peter Porrino as Chief Financial Officer (CFO), effective May 1st, 2017.

Following his retirement, Porrino will continue to work as an advisor to Chief Executive Officer (CEO) Mike McGavick on a part-time basis.

Commenting on the announcement, McGavick said; “First of all, personally and on behalf of the Leadership Team and our Board of Directors, I’d like to thank Pete for his valuable contributions to XL as an advisor prior to joining in 2011 and subsequently as a strategic steward of the Company’s finances and an insightful business partner.

“During Pete’s tenure as CFO he has been instrumental in our most significant achievements, including our 2014 life retrocession transaction, the successful Catlin acquisition, the implementation of our Enterprise Enablement management information project and XL’s redomestication to Bermuda.”

“He is highly respected for his considerable intellect, astute judgment, wealth of knowledge and experience. There are few that understand the way XL is built as deeply as Steve and we’re confident that he will only continue the transformation of the CFO role that Pete has led.”

Robb has worked with XL since 2004, acting in leadership positions including responsibility for accounting policy, budgeting and planning, treasury functions, rating agency relationships, corporate financial close, financial regulatory reporting and finance risk and controls matters.

Before joining XL, he worked as Senior Manager and Insurance Industry Group Leader at PricewaterhouseCoopers.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Swiss Re names Edouard Schmid to Group CUO, as Weber steps down

Mathias Weber, the Group Chief Underwriting Officer of global reinsurance firm Swiss Re, is stepping down from his role and...

Close