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XL CEO in it for the long haul
07 September 2009
Michael McGavick is enjoying his first Rendez-Vous as chief executive officer of XL Capital. The former Safeco CEO has turned around XL’s fortunes since taking over last May.
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[Michael McGavick]
[XL Capital]
Michael McGavick is enjoying his first Rendez-Vous as chief executive officer of XL Capital. The former Safeco CEO has turned around XL’s fortunes since taking over last May.
McGavick missed last year’s Rendez-Vous because he was sorting out issues at Security Capital Assurance, the bond insurer that led to large losses for XL. He says this year’s Rendez-Vous will be a lot more pleasant for XL.
“There’s been a real sea change in how people talk about XL for the better,” McGavick told the Rendez-Vous Reporter. “There was a very different conversation a year ago.”
McGavick has described 2008 as the toughest in XL’s history, with the firm...
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