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Rugby fan Mike McGavick tackled the problems of ailing global business insurer XL Group head-on after he was appointed CEO nearly seven years ago. And last night his performance was recognised with a prestigious award in New York. But Mr McGavick, wh...

NEW YORK (Bloomberg News) — Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group CEO Mike McGavick said. In the past, capital-markets partners would “pat you on the head and they’d say, ‘Y...

The CEO of global business insurer XL Group is to be honoured in New York. Mike McGavick, the head of XL Group, will be given the St John’s University School of Risk Management’s 2014 Insurance Leader of the Year award at a gala dinner in New York ne...

Jobs cuts and the merging of offices around the world are likely consequences of XL Group’s pending acquisition of Catlin — but it is too early to say exactly how that will affect the Bermuda operations of the two companies, says XL chief executive o...

Global business insurer XL has cut a deal to buy Island-based rival firm Catlin in a $4.1 billion merger, it was announced today. The new company — to be known as XL Catlin — will have total capital of $17 billion and around $10 billion of net premiu...

XL Group is in talks aimed at buying Catlin in a potential $4 billion deal that would create a massive combined insurer and reinsurer. Catlin is based in Bermuda and XL, which started operations on the Island in the 1980s, has a substantial presence ...

XL Group reported net income plunged for the third quarter, but operating income beat Wall Street expectations. The Dublin-based business insurer, which has substantial operations in Bermuda said net income for the July through September period was $...

Mike McGavick has been named “2014 Insurance Leader of the Year” by St John’s University’s School of Risk Management (SRM). The XL Group plc chief executive officer will be honoured at an awards dinner at Marriott Marquis in New York City on January ...

NEW YORK (Bloomberg) — Edward “Ned” Kelly, former chairman of Citigroup’s institutional businesses, including the investment bank, was named a director of XL Group Plc, becoming the latest ex-banker to join an insurer’s board. Mr Kelly, 61, will “bri...

XL Group plc yesterday announced a second-quarter net loss attributable to ordinary shareholders of $279.3 million compared to net income of $272.7 million in the prior year quarter, primarily due to a $621.3 million after-tax loss on the sale of the...

Eleven senior students from Impact Mentoring Academy have spent a day at XL — for a lesson on the world of work. The “Impact Day” was designed to give the Smith’s Parish school students an opportunity to learn more about potential careers, and how t...