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XL Group Ltd (XL)

XL on New York Consolidated

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24 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Xlit Ltd announces waiver of financing condition for its previously announced tender offers
Monday, 26 Jun 2017 04:30pm EDT 

June 26 (Reuters) - Xl Group Ltd :Xlit ltd. Announces waiver of financing condition for its previously announced tender offers; also announces amendment of price determination date for 2045 notes offer.Xl group ltd - xl-cayman also announced that it is amending price determination date with respect to 2045 notes offer.Xl group ltd - price determination date for 2045 notes offer has been changed from july 6, 2017 to june 30, 2017.Xl group ltd - wholly-owned subsidiary, xlit ltd. Is waiving financing condition with respect to its previously announced tender offers.  Full Article

XL Group announces pricing of EUR subordinated notes
Thursday, 22 Jun 2017 05:11pm EDT 

June 22 (Reuters) - XL Group Ltd -:XL Group Ltd announces pricing of eur subordinated notes.XL Group Ltd - priced a public offering of eur 500,000,000 aggregate principal amount of fixed to floating rate subordinated notes due 2047.XL Group -subordinated notes issued at 99.054% of par value, will bear interest at rate of 3.25% paid annually during initial 10 yrs fixed interest period.  Full Article

Xl Group reports tender offers for up to $550 mln
Wednesday, 7 Jun 2017 06:05pm EDT 

June 7 (Reuters) - Xl Group Ltd ::Xl Group Ltd announces tender offers for up to $550 million aggregate maximum repurchase amount of certain outstanding securities of Xlit Ltd. and Catlin Insurance Company Ltd..Xl Group- to use cash on hand,proceeds from anticipated debt financing to fund purchase price for securities validly tendered,accepted for purchase​ ​.  Full Article

Xl Group reports Q1 operating earnings per share $0.50
Wednesday, 26 Apr 2017 04:05pm EDT 

April 26 (Reuters) - Xl Group Ltd :Xl group ltd - p&c combined ratio of 94.3% for quarter compared to 92.5% in prior year quarter.Xl group ltd* announces first quarter 2017 results.Q1 earnings per share $0.57.Q1 operating earnings per share $0.50.Xl group ltd - natural catastrophe pre-tax losses net of reinsurance and reinstatement premiums in quarter of $96.1 million versus $52.8 million in prior year quarter.Xl group ltd - qtrly net premiums earned $2.51 billion versus $2.35 billion.Xl group ltd - net investment income for quarter was $200.5 million, compared to $205.9 million in prior year quarter.Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.  Full Article

XL Group announces retirement of Stephen Catlin as executive deputy chairman
Tuesday, 4 Apr 2017 04:15pm EDT 

XL Group Ltd - : Announces retirement of Stephen Catlin as executive deputy chairman . Catlin will remain company's executive deputy chairman until May 15, 2017 .Following May 15, 2017 Catlin will act as a special advisor to XL's chief executive officer, Mike Mcgavick.  Full Article

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

BRIEF-XLIT announces results of its tender offers

* Xl group - total of $420.3 million aggregate liquidation preference or principal amount of securities validly tendered and not validly withdrawn in tender offers Source text for Eikon: Further company coverage: