XL News

Porrino to Join XL Group as Executive VP, CFO

The XL Group plc has announced the appointment of Peter R. Porrino as Executive Vice President and Chief Financial Officer. He will join the Company in late August. He has more than 30 years of experience working in and advising …

XL’s Japan Quake/Tsunami Loss Estimates – $190 to $290 Million

XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million to $290 million, with approximately 70 percent …

XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C

XL Insurance, the global insurance operations of the XL Group, has promoted Gavin Bruce-Smythe to Chief Underwriting Officer (CUO) for its International Property & Casualty business. He previously served as Chief Underwriting Officer, Excess Casualty International. His new responsibilities as …

XL Estimates NZ Quake Losses at $70 to $85 Million

XL Group plc has announced preliminary net loss estimates for the earthquake that struck Christchurch, New Zealand on February 22, 2011, pretax and net of reinsurance and reinstatement premium, of approximately $70 million to $85 million, “the majority of which …

XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million

The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net income attributable to ordinary shareholders in Q4 was $188.1 million, or $0.57 per ordinary share, compared to a loss of …

XL Insurance Appoints Wullimann General Manager – Nordic Region

XL Insurance, the global insurance operations of the XL Group, announced the appointment of Peter Wullimann as General Manager, Nordic Region. He has nearly 20 years of experience in the commercial insurance market, and joins XL from Chartis, where his …