Hackenburg Named President of XL Market Services

XL Capital says that Richard Hackenburg has been appointed president of XL Market Services, a division of XL Global Services, effective January 1. Hackenburg is currently chief executive officer of XL Insurance Company of New York.

XL President and Chief Executive Officer Brian O'Hara said, "Following the recent significant growth of XL it is important that we find optimum operating efficiencies and coordinate our activities wherever possible. In his new role, Mr. Hackenburg will be responsible for the coordination and facilitation of cross sell programs and processes, company branding and positioning within the global marketplace, uses of web technology to deliver added value to Al's product and service offerings, distribution initiatives and product process development."

Hackenburg, who will be reporting to Richard Morano, president of XL Global Services, will continue in his current role until the end of the year. His successor will be announced as soon as possible.