A.M. Best and Standard & Poor’s have weighed in with their comments about XL Group’s announced agreement to acquire Catlin Group Ltd. for $4.1 billion in cash and stock. A.M. Best placed the financial strength rating of XL Group and …
XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to nearly 10 percent. The deal is the …
Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief Executive Officer Mike McGavick said. In the past, capital-markets partners would “pat you on the head and they’d say, ‘You …
XL Group’s Distribution & Network team has added June H. Dwyer as Northeast regional lead. Based in XL Group’s New York office, Dwyer reports to Ken Riegler, head of XL Group’s North America Distribution and Network team. Dwyer joins XL …
James River Group Holdings Ltd. could be a takeover target after hedge fund firm D.E. Shaw took the insurer public, according to an analyst at BMO Capital Markets. The insurer will probably post increases in premium revenue because of its …
XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly complex litigation and regulatory environment in the U.S. and around …
Catlin Group Ltd. said it received a takeover approach from Ireland’s XL Group plc valued at about 2.5 billion pounds ($3.9 billion). The shares surged the most on record. Under the terms, XL would buy Catlin for 410 pence in …
XL Group has appointed Nicolás da Silva as marine liability underwriter and Leandro Meili as marine risk engineer, strengthening its marine insurance capabilities in Brazil. Previously, da Silva worked at AIG Seguros Brasil, where he underwrote risks in marine including …
To help address businesses’ and financial institutions’ crime concerns, including embezzlement, fraud, and bribery, XL Group is launching a global crime business, under the leadership of Gregory W. Bangs who joins the company as chief underwriting officer of Crime Underwriting. …
XL Group’s global Insurance operation announced the appointment of Tim Pitt to the newly created role of Head of Data, Analytics and Pricing to help drive XL Group’s data, analytics and pricing strategies and best practices across its global insurance …
