Hashtag: #XLCapital
XL Group Announce First Quarter 2018 Results
XL Group Ltd reported its first quarter 2018 results, with net income attributable to common shareholders of $152.6 million, or $0.58 per fully diluted share, compared to $152.8 million, or $0.57 per fully diluted share, in the prior year quarter. Commenting on the Company’s performance, XL’s Chief Executive Officer Mike McGavick said: “We... Read more of this article
AXA To Acquire XL Group For $15.3 Billion
[Updated] AXA announced today that it has entered into an agreement to acquire 100% of XL Group Ltd, with the French company confirming that the total consideration for the acquisition amounts to $15.3 billion. Shareholders in XL will receive $57.60 a share, which represents a 33% premium to the company’s closing price on March 2, AXA said. AXA... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced that its Board of Directors declared a quarterly dividend on February 15, 2018 of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on April 2, 2018 to common shareholders of record as of March 15, 2018. Related Stories XL To Delist Outstanding Debt Securities XL Results Impacted By... Read more of this article
XL Results Impacted By Natural Catastrophes
XL Group Ltd reported its fourth quarter and full year 2017 results, with net income attributable to common shareholders of $28.8 million, or $0.11 per fully diluted share, for the quarter, and net loss attributable to common shareholders of $560.4 million, or $2.16 per fully diluted share, for the full year. The company noted a “non-recurring... Read more of this article
XL Estimate Wildfires Catastrophe Loss Of $45M
XL Group Ltd announced preliminary estimates of natural catastrophe net losses of approximately $45 million related to the recent wildfires in Southern California and $20 million related to other events. The estimated losses are approximately evenly split between the Company’s Insurance and Reinsurance segments. “Total aggregate net loss estimates... Read more of this article
XL: Rosengarten Retires & Norton Appointed
XL Group Ltd announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval. Prior to joining XL in 2010, Mr. Norton was Chief Risk Officer... Read more of this article
XL Estimate Q4 Catastrophe Loss Of $250M
XL Group Ltd announced its preliminary estimate of natural catastrophe net losses of approximately $250 million for the fourth quarter through December 1, 2017. The primary driver of this estimate is the impact of the October 2017 wildfires in Northern California of approximately $200 million primarily from the Company’s Reinsurance segment, and... Read more of this article
James Nevels Joins XL’s Board Of Directors
XL Group Ltd announced that James E. Nevels has joined the Company’s Board of Directors. Mr. Nevels has extensive financial services and board experience, including as Chairman of The Swarthmore Group, an investment advisor firm he founded in 1991, and as Chairman [2009-2015] and Lead Independent Director [2015-2017] of The Hershey Company. He also... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced that its Board of Directors declared a quarterly dividend on October 26, 2017 of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on January 2, 2018 to common shareholders of record as of December 15, 2017. Related Stories XL To Delist Outstanding Debt Securities XL Results Impacted... Read more of this article
XL To Move XLICSE From UK To Ireland
XL Group announced its plans to move its principal European Union [EU] insurance company, XL Insurance Company SE [XLICSE], from the UK to Ireland in 2018, with the company saying the move is “in response to Brexit.” The announcement comes following a meeting between An Taoiseach, Leo Varadkar and XL Group’s Chief Executive Officer, Mike... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced that the Board of Directors of the Company declared a quarterly dividend on August 2, 2017 of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on October 2, 2017 to common shareholders of record as of September 15, 2017. Related Stories XL To Delist Outstanding Debt Securities XL... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced that the Board of Directors of the Company declared a quarterly dividend on August 2, 2017 of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on October 2, 2017 to common shareholders of record as of September 15, 2017. Related Stories XL To Delist Outstanding Debt Securities XL... Read more of this article
