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XL Group Ltd (XL)

XL on New York Consolidated

39.95USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

XL Group Ltd announces retirement of Peter Porrino as CFO
Wednesday, 22 Feb 2017 04:15pm EST 

XL Group Ltd : XL Group Ltd announces retirement of Peter Porrino as Chief Financial Officer; Stephen Robb, group controller, appointed as successor .XL Group Ltd says Porrino will continue with company on a part-time basis, working as an advisor to Chief Executive Officer Mike Mcgavick.  Full Article

XL Group Ltd announces $1 bln share buyback program, increases quarterly dividend
Friday, 17 Feb 2017 06:55am EST 

XL Group Ltd :XL Group Ltd announces $1 billion share buyback program and increase in quarterly dividend from $0.20 per common share to $0.22 per common share; also announces preference ordinary share dividends.  Full Article

Xl Group announces Q4 and full year 2016 results
Wednesday, 1 Feb 2017 04:05pm EST 

XL Group Ltd - : P&C combined ratio of 94.8% for quarter compared to 92.3% in prior year quarter . Announces fourth quarter and full year 2016 results . Q4 operating earnings per share $0.47 . Q4 earnings per share view $0.35 -- Thomson Reuters I/B/E/S . Qtrly natural catastrophe pre-tax losses net of reinsurance and reinstatement premiums in quarter of $246.1 million compared to $107.8 million .Qtrly net premiums earned $2.46 billion versus $2.39 billion.  Full Article

Xl Group sees Q4 loss of about $245 mln
Monday, 9 Jan 2017 04:21pm EST 

Xl Group Ltd : Xl Group announces its fourth quarter 2016 preliminary loss estimate for natural catastrophes . Xl Group - preliminary net loss estimate in q4 of 2016 of approximately $245 million relating to natural catastrophes . Xl Group - losses contributing to estimate include about $130 million in net losses from Hurricane Matthew split about evenly between insurance, reinsurance .Xl Group - preliminary estimate is pretax and net of reinsurance and reinstatement premiums and split about $125 million in insurance segment, $120 million in reinsurance segment.  Full Article

XL Group Ltd says oper EPS $0.44
Wednesday, 26 Oct 2016 04:05pm EDT 

XL Group Ltd - : XL Group Ltd announces third quarter 2016 results . Says fully diluted tangible book value per common share of $34.22 at Sept. 30, 2016 . Says P&C combined ratio of 93.1 pct for quarter compared to 95.3 pct in prior year quarter . Q3 operating earnings per share $0.44 . Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S . P&C combined ratio of 93.1 pct for Q3 compared to 95.3 pct in prior year quarter . Natural catastrophe pre-tax losses net of reinsurance and reinstatement premiums in Q3 of $97.4 million compared to $30.8 million .P&C net premiums earned in Q3 of $2.4 billion were comprised of $1.65 billion from insurance segment and $778.2 million from reinsurance segment.  Full Article

Xl Group says qtrly net premiums earned $2.53 bln
Wednesday, 27 Jul 2016 04:05pm EDT 

Xl Group Ltd : Xl group ltd says p&c combined ratio of 96.0% for quarter compared to 89.9% in prior year quarter . Qtrly net premiums earned $2.53 billion versus $2.08 billion . Xl group ltd.announces second quarter 2016 results.  Full Article

XL Group estimates Q2 preliminary net loss of $240 mln relating to natural catastrophes
Wednesday, 13 Jul 2016 04:20pm EDT 

Xl Group Plc : Xl group plc announces its second quarter 2016 preliminary loss estimate for natural catastrophes . Preliminary net loss estimate in q2 of 2016 of approximately $240 million . Xl group plc says preliminary net loss estimate in q2 of 2016 of approximately $240 million relating to natural catastrophes . Preliminary estimate is pretax,net of reinsurance,reinstatement premiums; split about $100 million in insurance segment, $140 million in reinsurance segment . Losses contributing to estimate include wildfires in canada, flooding in europe, earthquakes in japan and ecuador,hailstorms in united states . Natural catastrophe events are estimated to result in losses to (re)insurance industry in excess of $16 billion in q2 of 2016 .Wildfires in and around fort mcmurray, alberta canada, accounts for approximately $120 million of company's q2 preliminary loss estimate.  Full Article

Xl group says shareholders approved scheme of arrangement
Thursday, 23 Jun 2016 04:40pm EDT 

Xl Group Plc : Shareholders approved scheme of arrangement that will change place of incorporation of Ultimate Parent Holding Co to Bermuda from Ireland . Expects to complete redomestication in Q3 of this year .Does not expect redomestication to have any material impact on its financial results, including company's global effective tax rate.  Full Article

XL Group announces $1 bln share buyback program
Friday, 13 May 2016 07:53am EDT 

Xl Group Plc : Xl Group Plc announces $1 billion share buyback program and quarterly dividend of $0.20 per ordinary share; also announces preference ordinary share dividends . Previous share buyback program, which had approximately $204.1 million remaining, was canceled . Purchases are expected to be funded from cash on hand .Xlit Ltd, resolved on May 12, 2016 to pay a dividend of $9.4870 per share on Xlit Ltd's series D preference ordinary shares.  Full Article

XL Group plc announces completion of Allied International Holdings Inc acquisition
Monday, 1 Feb 2016 04:37pm EST 

XL Group plc:Says its indirect wholly-owned subsidiary, XL Reinsurance America Inc., has completed the acquisition of Allied International Holdings Inc.  Full Article

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BRIEF-XL Group Ltd announces estimated Ogden Rate change impact

* XL Group Ltd says estimates pre-tax impact of rate change on co's carried reserves for relevant lines of business is about $75 million to be recognized in Q1 of 2017 Source text for Eikon: Further company coverage: