XL Capital has appointed Paul Dowden as senior vice president and chief risk officer, a new position within the company. Dowden has been senior vice president and group underwriting risk officer since 2002.
The new position has been created to improve the company's risk management, said a statement from XL.
Key responsibilities of the new position will include identification, coordination and management of underwriting, operational and other risks across the group.
Brian M O'Hara, president and chief executive officer of XL said: "Paul Dowden has made significant improvements to our management of underwriting risk over the past year as well as being a tremendous asset to XL in his various senior management roles before that."
Dowden will also serve as chairman of XL's risk management committee.
