Hashtag: #XLCapital
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
XL Acquires Global Ag Insurance Services
XL Reinsurance America Inc., a subsidiary of XL Group plc, has acquired Global Ag Insurance Services, a crop insurance provider based in the western United States. The two companies initially partnered in 2011 to deliver crop insurance solutions to western specialty crop producers and growers through the USDA multi-peril crop insurance program. Recognizing... Read more of this article
XL Group Increase Share Buyback Program
XL Group plc increased the Company’s share buyback program, authorizing the Company to buy back up to $1 billion of its ordinary shares. This includes approximately $200 million of ordinary shares that remained available for purchase under the program. The Company expects the purchases to be made from time to time in the open market or in privately... Read more of this article
XL Nominates Anne Stevens To Board
XL Group plc today [Feb 24] announced that Anne Stevens will be nominated for election at its upcoming annual general meeting. Ms. Stevens has extensive global business operating experience across the automotive, aerospace and oil sectors. Ms. Stevens spent most of her executive career at the Ford Motor Company, ultimately as Chief Operations Officer... Read more of this article
XL Group Bermuda Partners With Sullivan Group
XL Group’s Bermuda Insurance Operations today [Feb 11] announced a new partnership with The Sullivan Group [TSG], one of the premier providers of clinical risk and loss prevention services to hospitals, physicians and nurses throughout the US. Through this new partnership, XL Group’s Bermuda Insurance Operations, XL Insurance Bermuda Ltd [XLIB],... Read more of this article
XL Group Net Income Jumps To $1.06 Billion
XL Group has reported a net income of $300.8 million for the fourth quarter of 2013, up from $81.4 million in the comparable quarter of 2012. Net income for the full year was $1.06 billion, up from $651 million in 2012. The dramatic increase in profitability was “primarily due to lower natural catastrophe losses in the current quarter and higher net... Read more of this article
XL Group Appoints Rebecca Dupré As SVP
XL Group’s Bermuda Insurance Operations announced the appointment of Rebecca Dupré as Senior Vice President, Underwriting Manager, Excess Casualty. Ms. Dupré, who has 25 years of Excess Casualty underwriting and operations experience, reports to Chief Excess Casualty Underwriter Carla Greaves. Her responsibilities include overseeing the management... Read more of this article
XL Group Engineer’s New App For Complex Risk
XL Group’s insurance risk engineers are now using a new app designed for the company to transform how property loss prevention services and risk assessments are carried out and delivered. The app allows engineers to have, at their fingertips, access to data and resources which allows them to better undertake a survey. And they can input data, update... Read more of this article
Chris McKeown Appointed Chief Executive Officer
XL Group plc announced that industry veteran Chris McKeown has been appointed Chief Executive Officer of New Ocean Capital Management Limited, the investment management company recently formed by XL and funds managed by Stone Point Capital. The Bermuda-based company will focus on providing third-party investors access to insurance-linked securities... Read more of this article
