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XL Insurance Expands US Aviation Underwriting Team

XL Insurance has expanded its US Aviation underwriting team with the opening of an aviation branch office in San Francisco and an addition to its New York-based underwriting staff.

The company has appointed Mark Sacco as officer, class underwriter and Karl Jorda as assistant vice president, class underwriter.

Mr Jorda has more than 20 years of aviation insurance experience. He worked as chief underwriting officer, aviation for Britt Paulk. His career also includes underwriting management positions with AXA and United States Aircraft Insurance Group.

Mr Sacco has worked for three years as a vice president in Marsh’s aviation group. Prior to this position, he spent more than nine years as a general aviation underwriter with United States Aircraft Insurance Group.

Eric Donofrio, regional manager of aviation unit at XL Insurance, said: Our technical underwriting skill and industry knowledge form the foundation of our success and we continue to build on it. Our clients will surely benefit from Mark and Karl’s industry experience and underwriting skill. They are valuable additions to our North American team, especially as demand for our general aviation coverage continues to grow.”

XL Insurance’s global Aerospace operations provide a spectrum of coverage for international and regional airlines, product manufacturers, as well as for aviation service providers.