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XL Group Ltd (XL.N)

XL.N on New York Stock Exchange

55.55USD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Xl Group Says Total Aggregate Net Loss Estimates Related To Q4 Catastrophes Are $315 Mln
Thursday, 11 Jan 2018 

Jan 10 (Reuters) - Xl Group Ltd ::XL GROUP ANNOUNCES PRELIMINARY NATURAL CATASTROPHE LOSS ESTIMATES OF $45 MILLION RELATED TO THE SOUTHERN CALIFORNIA WILDFIRES AND $20 MILLION RELATED TO OTHER EVENTS.XL GROUP LTD - TOTAL AGGREGATE NET LOSS ESTIMATES RELATED TO Q4 2017 CATASTROPHES ARE $315 MILLION.XL GROUP LTD - ALSO REAFFIRMED ITS PREVIOUSLY DISCLOSED AGGREGATE NET LOSSES RELATED TO Q3 2017 CATASTROPHES.XL GROUP - ESTIMATES PRELIMINARY NATURAL CATASTROPHE NET LOSSES OF ABOUT $45 MILLION RELATED TO WILDFIRES IN SOUTHERN CALIFORNIA, $20 MILLION TO OTHER EVENTS.XL GROUP - EXPECTS TO RECOGNIZE ONE-TIME TAX CHARGE OF ESTIMATED AMOUNT OF ABOUT $98 MILLION IN Q4 2017 RELATED TO REVALUATION OF NET DEFERRED TAX ASSET.  Full Article

XL Group reports Q3 loss per share $4.06
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - XL Group Ltd :XL Group Ltd announces third quarter 2017 results.Q3 operating loss per share $4.00.Q3 loss per share $4.06.Q3 earnings per share view $-3.91 -- Thomson Reuters I/B/E/S.XL Group Ltd qtrly ‍ p&c combined ratio of 146.9 pct compared to 93.1 pct​.XL Group Ltd - ‍p&c loss ratio excluding prior year development and natural catastrophe losses of 59.5 pct for both current quarter and prior year quarter​.XL Group Ltd - ‍fully diluted book value per share of $38.27 at Sept. 30, 2017 versus fully diluted book value per share of $42.15 at June 30, 2017.XL Group Ltd qtrly ‍net premiums earned $2.62 billion versus $2.43 billion​.XL Group Ltd - ‍financial impact of natural catastrophes​ in Q3 was significant to financial results in quarter.XL Group Ltd - ‍ p&c combined ratio of 89.8 pct excluding prior year development and natural catastrophe losses for quarter compared to 91.3 pct​.  Full Article

XL Group ‍says preliminary estimate of losses relating to hurricanes about $1.33 bln
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - Xl Group Ltd :Xl group announces preliminary loss estimates related to third quarter 2017 natural catastrophes.Xl group ltd - ‍preliminary estimate of net losses of approximately $1.33 billion relating to hurricanes harvey, irma and maria​.Xl group ltd - ‍for q3 of 2017, total catastrophe losses including smaller loss events are preliminarily estimated at approximately $1.48 billion​.Xl group ltd - ‍on an after-tax basis, preliminary estimate of total catastrophe net losses for quarter is approximately $1.35 billion​.  Full Article

XL Catlin says Jonathan Gale appointed chief executive Bermuda Reinsurance and Rob Littlemore promoted to chief executive London Reinsurance
Friday, 9 Dec 2016 

XL Group Ltd :XL Catlin says Jonathan Gale appointed chief executive Bermuda Reinsurance and Rob Littlemore promoted to chief executive London Reinsurance.  Full Article

Xl Group says qtrly net premiums earned $2.53 bln
Thursday, 28 Jul 2016 

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
Thursday, 14 Jul 2016 

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
Friday, 24 Jun 2016 

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 

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

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Insurer AXA to restructure Swiss unit ahead of landmark deals

PARIS French insurer AXA is restructuring its Swiss business in a move that would hit its results in the short term, but is expected to give it more financial flexibility ahead of the $15 billion acquisition of XL Group .