XL appoints senior risk officer

XL Group has appointed Fielding ‘Fid’ L. Norton III as senior vice president, deputy chief enterprise risk officer, it was announced this week.

Mr. Norton will report to Jacob Rosengarten, XL’s chief enterprise risk officer.

His key responsibilities will be providing oversight of existing and emerging risks and developing and implementing appropriate risk management techniques to enhance internal controls that manage the effects of risk on XL’s capital, earnings, credit ratings and reputation.

Prior to joining XL, Mr. Norton served as chief risk officer at Bermuda-based Ironshore Inc., where he led all aspects of enterprise risk management.

Mr. Rosengarten said: “XL is extremely pleased to welcome Fid. His wealth of knowledge and extensive experience is a valuable addition to the XL team and to our goal of having XL be a thought leader in all matters related to enterprise risk management.”