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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...

The 2014 XL Scholarship has been awarded to Quaejah Cox, a senior Honour 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 ar...

The global insurance industry could see a ‘big wave’ of consolidation over the next few years, XL chief executive officer Mike McGavick told delegates at the Airmic conference in Birmingham last week. Mr McGavick, speaking during the Airmic forum deb...

XL employees went to work for non-profit organisations all over the Island last Friday. Their services were donated by the company as part of its ninth annual community service programme known as XL’s Global Day of Giving. Around 120 of XL’s Bermud...

XL Insurance (Bermuda) Ltd has agreed to sell its life reinsurance operation to GreyCastle Holdings Ltd for $570 million. GreyCastle Holdings is described as “a newly-formed Bermuda company whose shareholders include large family offices and universi...

XL Group posted net income of $255.7 million in the first three months of the year in what CEO Mike McGavick described as “one of the best quarters since the end of 2008” for the company. The global business insurer’s operating net income of $238.6 m...

Business was the subject for Victor Scott Primary School students taking part in an XL pilot programme designed to inspire the nine and ten year olds to pursue opportunities that occur in the future — a programme which next year will be made availabl...

XL Group’s American reinsurance operation has acquired Global Ag Insurance Services, a California-based crop insurance provider specialising in the needs of farmers in the western US. XL Reinsurance America has been partnering with the Fresno-headqua...

XL Group’s Bermuda insurance operation’s initiative to help clients in healthcare mitigate risk went live in the wake of the The Patient Protection and Affordable Care Act (ACA), otherwise known as Obama Care, becoming law in the United States. Wesl...

XL Group’s annual earnings topped $1 billion for 2013, up more than 60 percent from the previous year. The global business insurer’s CEO Mike McGavick described it as “another year of solid progress”. Net income for the year was $1.1 billion, or $3.6...