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.

XL is a world class brand with very successful insurance, reinsurance and life reinsurance businesses and I look forward to helping it realize its full potential.

XL is dedicated to understanding shifting business dynamics and helping our clients thrive in increasingly complex and changing environments. 'The Future of the Company' platform will allow us to offer insights and commentary on these essential topics to a global and diverse audience and feature insights from XL experts.

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.

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.

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.