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XL

Reinsurance

"XL gets approval for Brazil operation"

XL Group plc and its subsidiaries have announced that the XL Group of companies has received final approval from the Brazilian re/insurance regulator Superintendencia de Seguros Privados (SUSEP) to set up an insurance operation in the country. XL Seg...
Jan 06, 2012
Reinsurance

"XL announces XLIT dividend"

XL Group plc has announced that the board of directors of its wholly-owned subsidiary XLIT Ltd (formerly XL Group Ltd) agreed on Friday to pay a dividend of $9.1084 per share on its Series D preference ordinary shares. The dividend will be paid on Ja...
Dec 19, 2011
Reinsurance

"XL’s CSI unit shows Bermuda as a centre of insurance innovation"

The unit is led by Jim Loder who believes that businesses operating in today’s fast-changing business environment are increasingly facing the kind of complex, one-off risks that XL’s CSI team has been set up to deal with. In an interview with The Roy...
Dec 06, 2011
Reinsurance

"Hendrick to succeed Duclos at head of XL Insurance"

Greg Hendrick is to take over from Dave Duclos as chief executive of XL Group’s insurance operations from the start of next year, the company announced yesterday. Mr Duclos, who has headed the insurance segment since 2008 is due to retire on December...
Nov 30, 2011
Reinsurance

"Loder to head XLIB’s new complex situation department"

XL Insurance (Bermuda) Ltd has created a new department within its Professional Lines unit to handle unique, complex insurance risks. The department, CSI-Complex Situational Insurance, will be led by former XLIB professional lines chief underwriting ...
Nov 09, 2011
Reinsurance

"XL names Bermuda building after O’Hara"

XL Group has renamed its Bermuda office building in honour of its first employee and former chairman and CEO Brian O’Hara. The unveiling of the new name took place at the main entrance of the Bermudiana Road building during an internal celebration re...
Nov 07, 2011
Reinsurance

"XL profits tumble 45% on catastrophe losses"

XL Group’s profits fell 45 percent in the third quarter as catastrophe losses of more than $110 million took their toll. The company made net income of $42.4 million in the July through September period, or 14 cents per share, compared to $77.5 milli...
Nov 02, 2011
Reinsurance

"XL shares climb 5.6% on upgrade"

NEW YORK (Bloomberg) - XL Group shares hit a four-month high after Barclays Plc upgraded the company, citing increased rates and stabilising markets. XL rose $1.21, or 5.6 percent, to $22.75 in New York Stock Exchange composite trading. Earlier, the...
Oct 25, 2011
Reinsurance

"XL to sponsor FT’s ‘Future of the Company’ series"

XL Group plc has announced its sponsorship of the Financial Times’ new ‘The Future of the Company’ series a six-month long digital initiative focused on the changing trends in global business and their impact of companies’ operations. The coverage wi...
Oct 20, 2011
Reinsurance

"XL wins prior approval for Brazil office"

XL Group plc and its subsidiaries have announced that the XL group of companies has received prior approval from the Brazilian re/insurance regulator, Superintendencia de Seguros Privados (SUSEP), to set up an insurance operation in the country. On r...
Oct 03, 2011
Reinsurance

"XL launches new brand"

XL Group today launches a new global brand and marketing campaign. The rebranding will include a new logo, which will in time be visible on the signage at XL House, and comes with the tagline “Make your world go”. XL chief executive officer Mike McGa...
Oct 03, 2011
Reinsurance

"Best affirms XL’s A rating"

AM Best Co has affirmed the financial strength rating (FSR) of A (excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of holding company XL Group plc led by XL Insurance (Bermuda) Ltd. Concurrently, Best has affirm...
Sep 22, 2011
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