Hashtag: #XLCapital
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 May 18, 2017 of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on June 30, 2017 to common shareholders of record as of June 15, 2017. Related Stories XL To Delist Outstanding Debt Securities XL Results... 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
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 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
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 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 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 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 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 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
