XL Capital Assurance hires three senior executives

Financial guarantee firm XL Capital Assurance has hired three senior executives in New York. Russell Albers joins as a managing director responsible for commercial ABS from US investment bank Friedman Billings Ramsey, where he set up the firm’s asset-backed finance group.

David Beard joins as a managing director responsible for underwriting consumer ABS transactions. He previously worked at monoline insurer Financial Security Assurance where he was a director in the mortgage finance group.

Kenne