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XL Names Insurance-Industry Veteran Porrino As Financial Chief

DOW JONES NEWSWIRES XL Group PLC (XL) appointed insurance-industry veteran Peter R. Porrino as chief financial officer, less than a month after its prior financial chief left for the same role at Time Warner Cable Inc. (TWC) The global property-and-casualty insurer and reinsurer began its search for a new executive in late May after Irene M. Esteves announced her plans to leave. Porrino had been the head of Ernst & Young's global insurance industry segment, which includes designing services to improve the use of financial information, developing relationships with the investor and analyst communities, as well as business strategy assessment and deployment. He joined Ernst & Young in 1978, serving in its insurance business for 15 years before leaving for senior management positions at several insurance companies. XL, a property and casualty insurer that also provides reinsurance, had been reporting improved results recently thanks to investment recovery as well as growing premiums, though it swung to a loss in its latest quarter because of wide natural-disaster losses. Shares closed Wednesday at $21.13 and were inactive premarket. The stock remains up 19% in the past 12 months, despite falling 3.2% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Xl Capital (XL)
10/02/201517:33:46Statement of Changes in Beneficial Ownership (4)
10/02/201517:32:02Statement of Changes in Beneficial Ownership (4)
10/02/201517:30:43Statement of Changes in Beneficial Ownership (4)
10/02/201517:28:32Statement of Changes in Beneficial Ownership (4)
10/02/201517:26:49Statement of Changes in Beneficial Ownership (4)
10/02/201517:24:14Statement of Changes in Beneficial Ownership (4)
10/02/201517:22:29Statement of Changes in Beneficial Ownership (4)
10/02/201517:18:53Statement of Changes in Beneficial Ownership (4)
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09/09/201509:30:00XL Catlin Introduces New Commercial Crime Insurance Policy in...
09/08/201518:08:25Amended Statement of Beneficial Ownership (3/a)
09/08/201518:07:06Amended Statement of Beneficial Ownership (3/a)
09/08/201518:06:21Amended Statement of Beneficial Ownership (3/a)
09/08/201518:05:11Amended Statement of Beneficial Ownership (3/a)
09/03/201512:30:00XL Catlin Unveils New Regional Structure/Leaders for Excess...
08/13/201508:57:00A.M. Best Places Ratings of T.H.E. Insurance Company under Review...
08/11/201519:01:22Statement of Changes in Beneficial Ownership (4)
08/11/201508:39:00XL Group plc To Acquire Leading Specialty Entertainment Insurer...
08/06/201516:40:20Current Report Filing (8-k)

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