A.M. Best Revises Issuer Credit Rating and Mexico National Scale Rating Outlooks to Stable for XL Seguros Mexico, S.A. de C.V.
BusinessWire - Wed Aug 03, 3:28PM CDT
A.M. Best has revised the issuer credit rating (ICR) and the Mexico National Scale Rating (NSR) outlooks to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent), the ICR of "a+" and the NSR of "aaa.MX" of XL Seguros Mexico, S.A. de C.V. (XLSM) (Mexico City). The outlook for the FSR remains stable.
XL: 33.93 (-0.03)
A.M. Best Revises Issuer Credit Rating Outlook to Stable for Subsidiaries of XL Group Ltd; Upgrades Issuer Credit Ratings of Catlin Insurance Company Ltd. and Its Subsidiaries
BusinessWire - Wed Aug 03, 3:17PM CDT
A.M. Best has revised the issuer credit rating (ICR) outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of "a+" of the ongoing property/casualty (P/C) subsidiaries of XL Group Ltd (XL) (Bermuda) [NYSE:XL]. The outlook for the FSR remains stable. In addition, A.M. Best has revised the ICR and the issue rating outlooks to stable from negative and affirmed the ICRs of "bbb+" and the issue ratings of XLIT Ltd (Cayman Islands). A.M. Best also has assigned an ICR of "bbb+" to XL, which is the recently formed ultimate holding company that completed XL's redomestication to Bermuda from Ireland. The outlook assigned to this rating is stable. Concurrently, A.M. Best has withdrawn the ICR of "bbb+" of XL Group plc (Ireland).
XL: 33.93 (-0.03)
XL Catlin Appoints Richard Abizaid as Regional Product Leader, Americas for Political Risk and Trade Credit
PR Newswire - Mon Aug 01, 11:29AM CDT
XL Catlin has appointed Richard Abizaid as Head of the Americas and Regional Product Leader, for Political Risk and Trade Credit (PRTC). Based in Washington D.C., Mr. Abizaid will head XL Catlin's PRTC insurance operations in the Americas which include teams across the continent.
XL: 33.93 (-0.03)
XL Capital Set to Possibly Pullback After Yesterday's Rally of 5.23%
Comtex SmarTrend(R) - Thu Jul 28, 1:17PM CDT
XL Capital (NYSE:XL) traded in a range yesterday that spanned from a low of $34.19 to a high of $35.50. Yesterday, the shares gained 5.2%, which took the trading range above the 3-day high of $33.26 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
XL: 33.93 (-0.03)
After Yesterday's Rally of 5.23% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Jul 28, 1:16PM CDT
XL Capital (NYSE:XL) traded in a range yesterday that spanned from a low of $34.19 to a high of $35.50. Yesterday, the shares gained 5.2%, which took the trading range above the 3-day high of $33.26 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
XL: 33.93 (-0.03)
XL Group (XL) Beats on Q2 Earnings and Revenue Estimates
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 9:19AM CDT
XL Group plc (XL) reported second-quarter 2016 operating net income of 37 cents per share that comfortably surpassed the Zacks Consensus Estimate by 60.9%.
PGR: 33.62 (+0.61), RLI: 68.35 (+0.03), FAF: 40.92 (+0.03), XL: 33.93 (-0.03)
XL Group Ltd* Announces Second Quarter 2016 Results
PR Newswire - Wed Jul 27, 3:05PM CDT
-- Net income attributable to ordinary shareholders, and net income attributable to ordinary shareholders excluding the contribution from the GreyCastle Life Retro Arrangements,1 of $43.8 million and $156.0 million, respectively, for the quarter
XL: 33.93 (-0.03)
Blue Capital Estimates Q2 Catastrophe Loss of $5.1 Million
Zacks Equity Research - Zacks Investment Research - Mon Jul 18, 8:47AM CDT
Blue Capital Reinsurance Holdings Ltd. (BCRH) a subsidiary of Endurance Specialty Holdings Ltd. (ENH) estimated catastrophe loss, net of reinstatement premiums, to be around $5.1 million in the second quarter of 2016.
BCRH: 17.72 (-0.19), CB: 125.41 (-0.06), ENH: 66.47 (+0.03), XL: 33.93 (-0.03)
XL Catlin establishes Reinsurance Unit for Africa Risks
PR Newswire - Mon Jul 18, 7:42AM CDT
July 18, 2016 - XL Catlin today announced it has established a new Reinsurance Unit focused on providing Facultative and Treaty Reinsurance across Africa.
XL: 33.93 (-0.03)
Cincinnati Financial (CINF) to Incur Q2 Catastrophe Loss
Zacks Equity Research - Zacks Investment Research - Fri Jul 15, 10:07AM CDT
Cincinnati Financial (CINF) projects second quarter pre-tax catastrophe loss between $160 million and $170 million. The insurer expects combined ratio between 98% and 101% in the second quarter.
AHL: 45.59 (+0.08), CINF: 74.96 (-0.10), CB: 125.41 (-0.06), XL: 33.93 (-0.03)
Aspen (AHL) Likely to Incur $65 Million Q2 Catastrophe Loss
Zacks Equity Research - Zacks Investment Research - Fri Jul 15, 9:24AM CDT
Aspen (AHL) Likely to Incur $65 Million Q2 Catastrophe Loss where Reinsurance segment will bear 75% of the catastrophe loss and the Insurance segment will incur the remaining 25%.
AHL: 45.59 (+0.08), CB: 125.41 (-0.06), KMPR: 34.38 (+0.32), XL: 33.93 (-0.03)
Kemper (KMPR) Estimates Q2 Catastrophe Loss of $52 Million
Zacks Equity Research - Zacks Investment Research - Thu Jul 14, 9:22AM CDT
Kemper Corporation (KMPR) estimates second-quarter, 2016 catastrophe loss of $52 million. The insurer is unlikely to recover any of these losses from its catastrophe reinsurance program.
VR: 49.92 (+0.14), CB: 125.41 (-0.06), KMPR: 34.38 (+0.32), XL: 33.93 (-0.03)
XL Group (XL) May Incur $240 Million Q2 Catastrophe Loss
Zacks Equity Research - Zacks Investment Research - Thu Jul 14, 5:20AM CDT
XL Group plc (XL) projects pre-tax catastrophe loss of $240 million, net of reinsurance and including reinstatement premiums, in the second quarter.
AHL: 45.59 (+0.08), CB: 125.41 (-0.06), KMPR: 34.38 (+0.32), XL: 33.93 (-0.03)
XL Group to Change its Place of Incorporation to Bermuda
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 7:43AM CDT
XL Group plc (XL) will re-domesticate to Bermuda from Ireland as its shareholders have approved of the move.
CINF: 74.96 (-0.10), NGHC: 21.26 (-0.17), XL: 33.93 (-0.03), MKL: 924.99 (+3.29)
XL Group plc Shareholders Approve Redomestication to Bermuda from Ireland
PR Newswire - Thu Jun 23, 3:40PM CDT
XL Group plc ("XL" or the "Company"
XL: 33.93 (-0.03)
Stock Updates on Property & Casualty Insurance - XL Group, Radian Group, The Hartford Financial Services Group, and MBIA Inc.
PR Newswire - Thu Jun 23, 7:25AM CDT
On Wednesday, June 22, 2016, the NASDAQ Composite ended the trading session at 4,833.32, down 0.22%; the Dow Jones Industrial Average edged 0.27% lower to finish at 17,780.83; and the S&P 500 closed at 2,085.45, down 0.17%. Stock-Callers.com has initiated coverage on the following equities: XL Group PLC (NYSE: XL), Radian Group Inc. (NYSE: RDN), The Hartford Financial Services Group Inc. (NYSE: HIG), and MBIA Inc. (NYSE: MBI). Learn more about these stocks by accessing their free trade alerts at:
MBI: 8.27 (+0.06), RDN: 12.71 (-0.02), HIG: 40.35 (-0.20), XL: 33.93 (-0.03)
XL Capital Rises 1.10% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Wed Jun 22, 2:46PM CDT
XL Capital (NYSE:XL) traded in a range yesterday that spanned from a low of $32.48 to a high of $33.11. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $33.03 on volume of 521,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
XL: 33.93 (-0.03)
XL Catlin Names Stephen S. Oh as President of Excess & Surplus operations in the US
PR Newswire - Mon Jun 13, 7:00AM CDT
XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business. As President of XL Catlin's multi-line E&S operation in the US, he will direct regional underwriting operations, product distribution & development as well as strategic growth plans.
XL: 33.93 (-0.03)
XL Group Poised for Growth Despite Exposure to Cat Losses
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:49AM CDT
On Jun 7, 2016, we issued an updated research report on XL Group plc (XL).
CINF: 74.96 (-0.10), NMIH: 6.88 (+0.07), XL: 33.93 (-0.03), MKL: 924.99 (+3.29)
XL Catlin's insurance operations announces global Structured Risk Solutions (SRS) team
PR Newswire - Mon Jun 06, 8:16AM CDT
XL Catlin's insurance operations today announced the launch of a new team to focus on alternative risk transfer and non-traditional insurance globally, effective immediately.
XL: 33.93 (-0.03)