XL Group plc has named Peter Porrino as its new chief financial officer and executive vice-president.Mr Porrino, who has more than 30 years of experience working in and advising the insurance industry, will join the company in late August and report to XL’s CEO Mike McGavick, and will serve on XL’s Leadership Team.Since 1999, Mr 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.Mr McGavick said: “We are beyond thrilled to have Peter join XL as CFO. Peter’s considerable insurance industry experience, combined with his broad background in corporate operations and global finance, make him the ideal addition to XL. As someone I have worked with for a number of years, I know the benefit we will gain from his strategic insights.“Additionally, as a current adviser to XL, Peter knows the company and many of our leaders and will hit the ground running.”Mr Porrino, a CPA, 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.