Hashtag: #XLCatlin
NPD Partners With BNT To Honour XL Catlin
The Association of Fundraising Professionals of Bermuda recently partnered with the Bermuda National Trust to plant a tree at the Higgs Nature Reserve to honour the XL Catlin Foundation, saying “both XL and Catlin, and now the combined company, have a long history of philanthropy in Bermuda.” A spokesperson said, “NPD celebrates the... Read more of this article
XL Estimate $1.33B In Losses From Hurricanes
XL Group announced its preliminary estimate of net losses of approximately $1.33 billion relating to Hurricanes Harvey, Irma and Maria. “For the third quarter of 2017, total catastrophe losses including smaller loss events are preliminarily estimated at approximately $1.48 billion,” the company said. “These preliminary estimates are... Read more of this article
XL Catlin Named Bermuda Insurer Of The Year
Insurance industry trade publication Reactions magazine has named XL Catlin as the Bermuda Insurer of the Year. Patrick Tannock, XL Catlin Managing Director and Chief Executive Officer of XL Bermuda Ltd, Insurance, was joined by team members Cathy Duffy, Underwriting Manager; Mark Flanagan, Chief Property Underwriter; Carla Greaves, Chief Excess Casualty... Read more of this article
Hailey Quig Selected As 2017 XL Catlin Scholar
XL Catlin announced that the 2017 XL Catlin Scholarship has been awarded to Hailey Quig, a graduate of the United World College [UWC] International Baccalaureate [IB] program in Changshu, China. The XL Catlin Scholarship is a four-year full scholarship open to students who are Bermudian or hold Permanent Resident Certificate status and are working toward... Read more of this article
First-Ever Ocean Risk Summit In Bermuda
High level representatives of governments, the finance sector, the [re]insurance industry, and other sectors will consider specific risks posed by changes in the world’s oceans caused by climate change and other man-made impacts at a first-of-its-kind conference to be hosted in Bermuda in May 2018. A spokesperson, “The Ocean Risk Summit will... Read more of this article
XL Catlin Participate In Global Day Of Giving
As this month marks the second anniversary of XL Catlin, its employees around the world, including here in Bermuda, spent on Friday working with non-profit organizations in their local communities. Thousands of XL Catlin employees participated in more than 250 Global Day of Giving projects in more than 60 locations around the world, with efforts starting... Read more of this article
Victor Scott Students Visit XL Catlin’s Office
A class of 10-to-11-year-old students from Victor Scott Primary School recently experienced life in the corporate world when they were invited to XL Catlin’s Bermuda office to connect with students overseas and discuss their future aspirations. The enthusiastic group of local students began their visit, on May 4th, with a tour of XL Catlin’s 18-feet... Read more of this article
XL Group Announce First Quarter 2017 Results
XL Group announced their 2017 first quarter results, with net income attributable to common shareholders of $152.8 million, or $0.57 per share, compared to $21.9 million, or $0.07 per share, in the prior year quarter. Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said: “We are pleased to start off 2017 with solid... Read more of this article
XL Group Ltd 2016 Letter To Shareholders
“We now see exactly the company we’re trying to build creating the difference that it can in the marketplace. We believe we can now drive that result to the bottom line and therefore into rewards for our shareholders,” XL Group Ltd CEO Mike McGavick says in the Company’s 2016 Letter to Shareholders, which is available here. The digital document... Read more of this article
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
Atavus Rugby Return To Bermuda, Hold Sessions
XL Catlin’s continued sponsorship of a long-term partnership between the Bermuda Rugby Football Union and Atavus, the company co-founded by World Rugby Hall-of-Famer, Waisale Serevi, will see the two-time World Cup winner back on island this week – the first of three scheduled visits in 2017. Joining Serevi are USA Women’s Head Coach... Read more of this article
XL Obtains Approval For Coverage In Monaco
XL Catlin has received approval from the Monegasque Minister of State to issue insurance policies in the Principality of Monaco through XL Insurance Company SE [XLICSE], effective March 10, 2017. The licence allows XL Catlin’s entity XLICSE to offer its products on an admitted basis directly to local brokers and clients. XL Catlin is one of the few... Read more of this article
XL Group $1 Billion Share Buyback Program
XL Group Ltd announced today that the Board of Directors of the Company approved a new share buyback program, authorizing the Company to buy back up to $1 billion of its common shares. The previous share buyback program, which had approximately $349 million remaining, was canceled. “The Company expects the purchases to be made from time to time... Read more of this article
Corporate Misconduct Investigations Coverage
XL Catlin’s Bermuda-based Professional Lines Team has enhanced its Directors & Officers coverage to “address U.S. federal law enforcement’s increasing investigations of corporate misconduct allegations against Directors and Officers of private and public companies.” The D&O Corporate Misconduct Investigations Endorsement, developed... Read more of this article
XL Get Approval For Reinsurance Branch In India
XL Catlin’s reinsurance business group has received final approval from the Insurance Regulatory Development Authority of India [IRDAI] to open an onshore reinsurance branch office of XL Insurance Company SE [XLICSE] in India. The operation, which will be based in Mumbai and provide treaty and facultative reinsurance, will be led by Joseph Augustine... Read more of this article
XL Catlin Tops Advisen’s Pacesetters Index
XL Catlin has earned the top spot on Advisen’s Annual Pacesetter Index for its work in insurance innovation, having introduced 33 new property, casualty, professional or specialty insurance coverages, risk management services or coverage enhancements in 2016. Greg Hendrick, XL Catlin’s President, Global Property & Casualty noted, “We have... Read more of this article
