XL Group has appointed Peter Porrino as executive vice president (EVP) and chief financial officer (CFO), effective late August 2011. Porrino, who has more than 30 years of experience working in and advising the insurance industry, including considerable property and casualty insurance and reinsurance experience, will report to XL’s chief executive officer (CEO) Mike McGavick.
Since 1999, Porrino has served as Ernst & Young’s global insurance industry leader. In that role, he oversees the firm’s worldwide insurance industry delivery of client services, thought leadership and strategic planning. His experience includes designing and implementing solutions to improve the use of financial information, developing strong relationships with the investor and analyst communities, and business strategy assessment and deployment.
Porrino, a certified public accountant (CPA), first joined Ernst & Young in 1978 serving in the firm’s New York and national insurance practices for 15 years before leaving to serve in senior management positions with several insurance companies. This experience includes Zurich Financial Services, where Porrino served as CFO of Zurich’s subsidiary, Zurich Reinsurance Centre. He rejoined Ernst & Young in 1999.
Porrino holds an MBA from New York University and BBA in accounting from Pace University.
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