The elimination of unnecessary collateral requirements on foreign insurers and reinsurers is not only beneficial for the individual companies, but for the industry as a whole.

The rate of change and innovation occurring across the entire spectrum of society demands that a company like XL utilize the highest level of analytics and information to solve problems for our clients.

The payroll tax increase was destructive financially, it took what was a close call and made it a bad call.

At XL we are continually focused on the rate of change, the increasingly interconnected world and the need to help our clients advance wherever their business occurs.

There is no progress without risk, and in an environment where change is accelerating, risks are multiplying and businesses are increasingly complex, companies need strong, innovative partners to help manage their risk. Our brand clearly sets XL apart as the strong, innovative partner needed in today's market.

From the very first time I talked to Safeco employees, I said the reality was expenses were too high and the reality is two-thirds of our expenses are people, so the reality is there will be effects on people.

While Safeco's turnaround is one of the greatest things I have ever participated in, the heart-wrenching decisions to let people go will stay with me forever.