Hashtag: #XLCapital
XL’s Kim Wilkerson On “Women To Watch” List
[Updated] Business Insurance magazine recently honoured XL Insurance [Bermuda] Ltd’s Senior Vice President and General Counsel Kim Wilkerson [pictured left] at its 2014 Women to Watch Leadership Conference and Awards Ceremony in New York City. Ms. Wilkerson was one of 25 women selected out of more than 400 industry professionals nominated from around... Read more of this article
A.M. Best Upgrades XL Issuer Credit Rating
A.M. Best has upgraded the issuer credit rating [ICR] to “a+” from “a” and has affirmed the financial strength ratings [FSR] of A [Excellent] of the property/casualty subsidiaries of XL Group plc [XL] [Ireland]. The ratings agency said, “Concurrently, A.M. Best has upgraded the ICR to “bbb+”from “bbb” of XL and XLIT Ltd [Cayman... Read more of this article
XL Group Declares Quarterly Dividend
XL Group plc declared a quarterly dividend on October 30, 2014 of $0.16 per ordinary share payable on the Company’s ordinary shares. The dividend will be payable on December 31, 2014 to ordinary shareholders of record as of December 15, 2014. The Company also announced today that the board of directors of its wholly-owned subsidiary, XLIT Ltd., resolved... Read more of this article
Arch & XL Donate $3 Million For New Wing
The Bermuda Hospitals Charitable Trust [BHCT] received a $3 million donation from Arch Capital Group and XL Group as a joint gift for the new reception lobby in the Acute Care Wing. This donation was made as part of the Why it Matters campaign, which is still actively raising funds to reach the $40 million target set to fund the initial payment for... Read more of this article
XL Appoints Edward J. “Ned” Kelly To Board
XL Group plc today [Aug 4] announced that Edward J. “Ned” Kelly, III has joined the Company’s Board of Directors. Mr. Kelly has extensive international and domestic financial service and board experience. His resume includes past roles as Chairman of Citigroup Inc.’s Institutional Clients Group, as Citi’s Chief Financial Officer, as General... Read more of this article
XL Group Announces Q2 Financial Results
XL Group has reported its second quarter 2014 results, highlighting a total underwriting profit of $168 million and the completion of our previously announced life transaction Commenting on the company’s performance, CEO Mike McGavick said, “Through the first half of 2014, XL continued to demonstrate solid financial results and strong positioning. “In... Read more of this article
2014 XL Scholarship Awarded To Quaejah Cox
XL Group plc today announced that the 2014 XL Scholarship has been awarded to Quaejah Cox, a senior Honor Roll student at Saltus Grammar School. The XL Scholarship is a four-year full scholarship open to students who are Bermudian or hold Permanent Resident Certificate status and are working toward a degree in re/insurance-related studies. Eighteen-year-old... Read more of this article
XL Group’s Mike McGavick: The Future Of Risk
At a gathering of the UK’s leading risk managers, Mike McGavick, CEO of XL Group, told Risk Managers “it’s a great time to be in your jobs, there is great opportunity for you to lead your organizations’ thinking about risk.” Speaking on a panel debate focused on The State of the Insurance Market, at this year’s Airmic Conference, Mr. McGavick... Read more of this article
XL’s Cyber & Technology Risk Business Unit
To meet the rapidly growing demand for cyber insurance in the US and Canada, XL Group’s Global Professional unit has established a North America Cyber & Technology Risk business unit. XL Group previously provided cyber and technology errors and omissions insurance coverage through its Select Professional business unit, which provides miscellaneous... Read more of this article
120 XL Bermuda Staff Give Back To Community
XL employees went to work for nonprofit organisations all over the island on Friday [May 9], with their services donated as part of its ninth annual community service program known as XL’s Global Day of Giving. Around 120 of XL’s Bermuda-based employees were involved in the various activities, forming part of a global team of almost 3,000 XL colleagues... Read more of this article
XL Sell Subsidiary To GreyCastle For $570M
XL Insurance [Bermuda] Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance Ltd, to GreyCastle Holdings Ltd. for $570 million in cash. At the completion of this transaction, XLLR will reinsure the majority of XL’s life reinsurance business via 100% quota share reinsurance. This transaction covers... Read more of this article
XL Group Announce First Quarter 2014 Results
XL Group reported its first quarter 2014 results, posting a net income of $255.7 million, or $0.91 per share, for the quarter on a fully diluted basis. Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said: “In the first quarter of 2014, XL produced one of the best quarters since the end of 2008. “These results... Read more of this article
XL Group Declare $0.16 Quarterly Dividend
XL Group plc declared a quarterly dividend on April 25, 2014 of $0.16 per ordinary share payable on the Company’s ordinary shares. The dividend will be payable on June 30, 2014 to ordinary shareholders of record as of June 13, 2014. The Company also said that the Board of Directors of its wholly-owned subsidiary, XLIT Ltd., resolved on April 24, 2014... Read more of this article
XL & Acheson Groups Partner For Food Safety
To help food and beverage companies address today’s complex food safety and regulatory risks in North America, XL Group’s Crisis Management team has entered into an exclusive partnership with The Acheson Group, a US-based food industry consultancy led by Dr. David Acheson, a former official at the FDA and a leader in food safety. The company said,... Read more of this article
XL Group Works With Victor Scott Students
XL Group has successfully completed a four-month program designed to teach Victor Scott Primary School students about the business world and to inspire them to pursue future opportunities available to them. A spokesperson said, “Throughout the program, employees from XL’s Insurance and Reinsurance operations in Bermuda engaged with 9- and 10-year... Read more of this article
A.M. Best Affirms Ratings Of XL Life Ltd.
Rating company A.M. Best has affirmed the financial strength rating of A- [Excellent] and issuer credit rating of “a-” of XL Life Ltd. The outlook for both ratings is stable. A statement from the ratings agency said, “XL Life’s ratings reflect its more than adequate risk-adjusted capitalization position relative to its investment and insurance... Read more of this article
