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Stephen Catlin To Retire As XL Deputy Chairman

Stephen Catlin To Retire As XL Deputy Chairman

XL Group Ltd announced the retirement of Stephen Catlin, Executive Deputy Chairman, effective December 31, 2017. In connection with his retirement, Mr. Catlin has notified the Company of his intention not to stand for re-election to the Company’s Board of Directors at the upcoming Annual General Meeting scheduled for May 19, 2017. Mr. Catlin will... Read more of this article

XL Announces Ogden Rate Change Impact

XL Announces Ogden Rate Change Impact

XL Group Ltd announced the estimated impact of the recent UK Ministry of Justice’s announcement of a significant decrease of the discount rate used to calculate lump sum awards in UK bodily injury cases, known as the Ogden Rate, from +2.5% to -0.75%, a decrease of 325 basis points and the first rate change since 2001. The new rate will be effective... Read more of this article

XL Group: Porrino To Retire, Robb Appointed

XL Group: Porrino To Retire, Robb Appointed

XL Group Ltd announced that Group Controller Stephen Robb will succeed Peter Porrino as Chief Financial Officer, following Mr. Porrino’s retirement, effective May 1, 2017. Mr. Porrino will continue with the Company on a part-time basis, working as an advisor to Chief Executive Officer Mike McGavick. Since joining the Company in 2004, Mr. Robb has... Read more of this article

Catastrophe Losses Impact XL Group Results

Catastrophe Losses Impact XL Group Results

XL Group Ltd reported its fourth quarter and full year 2016 results, with Chief Executive Officer Mike McGavick saying that “2016 was undoubtedly a challenging year.” “Our results were impacted by both a disappointing start as well as a number of significant catastrophe losses throughout the year and in the 4th quarter in particular,”... Read more of this article

XL 2016 Q4 Preliminary Loss Estimate: $245M

XL 2016 Q4 Preliminary Loss Estimate: $245M

XL Group Ltd announced its preliminary net loss estimate in the fourth quarter of 2016 of approximately $245 million relating to natural catastrophes. This preliminary estimate is pretax and net of reinsurance and reinstatement premiums and is split approximately $125 million in the Insurance segment and $120 million in the Reinsurance segment. Losses... Read more of this article

XL: Radulski To Retire, Goldstein Appointed

XL: Radulski To Retire, Goldstein Appointed

XL Group Ltd announced that Abbe Goldstein will succeed David Radulski as Director of Investor Relations, following Mr. Radulski’s retirement on March 31, 2017. Ms. Goldstein, who will join the Company from Ambac Financial Group, Inc. [Ambac] in January to ensure a smooth transition, will report to XL’s Chief Financial Officer Pete Porrino... Read more of this article

XL Group Declare Quarterly Dividend Of $0.20

XL Group Declare Quarterly Dividend Of $0.20

XL Group Ltd announced that the Board of Directors of the Company declared a quarterly dividend on October 27, 2016 of $0.20 per common share payable on the Company’s common shares. The dividend will be payable on January 2, 2017 to common shareholders of record as of December 15, 2016. The Company also announced today that the board of directors... Read more of this article

XL Group Realigned P&C, Senior Role Changes

XL Group Realigned P&C, Senior Role Changes

XL Group Ltd announced senior role changes in connection with a planned realignment of its Property & Casualty [P&C] Operating Model, all of which will be effective January 1, 2017. Paul Brand, currently Chief Underwriting Officer, Insurance, will lead a new internal innovation team, Accelerate. Greg Hendrick, currently Chief Executive of Reinsurance,... Read more of this article

XL Group Declare Quarterly Dividend Of $0.20

XL Group Declare Quarterly Dividend Of $0.20

XL Group Ltd announced that the Board of Directors of the Company declared a quarterly dividend on August 5, 2016 of $0.20 per common share payable on the Company’s common shares. The dividend will be payable on September 30, 2016 to ordinary shareholders of record as of September 15, 2016. The Company also announced today that the board of directors... Read more of this article

XL  Completes Redomestication To Bermuda

XL Completes Redomestication To Bermuda

XL Group Ltd announced today [July 25] that it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company is XL Group Ltd. XL Group Ltd is registered with the Securities and Exchange Commission under the Securities... Read more of this article

XL Announce 2016 Q2 Preliminary Loss Estimate

XL Announce 2016 Q2 Preliminary Loss Estimate

XL Group plc announced its preliminary net loss estimate in the second quarter of 2016 of approximately $240 million relating to natural catastrophes. “This preliminary estimate is pretax and net of reinsurance and reinstatement premiums and is split approximately $100 million in the Insurance segment and $140 million in the Reinsurance segment,”... Read more of this article

XL Group Approve Redomestication To Bermuda

XL Group Approve Redomestication To Bermuda

XL Group‘s ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. XL shareholders also approved the other proposals necessary for the redomestication to proceed as set forth in the Company’s definitive proxy statement filed with... Read more of this article

Kyrsten Burrows Selected As XL Catlin Scholar

Kyrsten Burrows Selected As XL Catlin Scholar

XL Group plc announced today that the 2016 XL Catlin Scholarship has been awarded to Kyrsten Burrows, Deputy Head Boy at The Berkeley Institute, and a graduate of the dual enrolment program at the Bermuda College. The XL Catlin Scholarship is a four-year full scholarship open to students who are Bermudian or hold Permanent Resident Certificate status... Read more of this article