XL Subsidiary Declares Dividend

December 16, 2011

XL Group == headquartered in Ireland with executive offices in Bermuda — today [Dec.16] announced that the board of directors of its wholly-owned subsidiary, XLIT Ltd. [formerly XL Group Ltd.] voted to pay a dividend of $9.1084 per share on XLIT Ltd.’s Series D Preference Ordinary Shares.

The dividend will be paid on January 17, 2012 to all shareholders of record as of January 3, 2012.

XL Group, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.

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