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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; Tess.Stynes@dowjones.com

Stock News for Xl Capital (XL)
DateTimeHeadline
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09/09/201608:00:00XL Catlin Appoints Ronnell Agatep as Global Head of Underwriting...
09/07/201610:30:00XL Catlin Boosts Global Property Insurance Capacity to USD 400...
09/06/201610:00:00XL Catlin appoints Lauren Tennant Pollock as Vice President...
09/06/201608:30:00New report highlights major 'Ocean Risk' for the first time
08/31/201608:00:00XL Catlin updates Active Assailant solution to include use of...
08/10/201618:55:10Statement of Changes in Beneficial Ownership (4)
08/10/201618:53:46Statement of Changes in Beneficial Ownership (4)
08/10/201618:52:53Statement of Changes in Beneficial Ownership (4)
08/10/201618:51:37Statement of Changes in Beneficial Ownership (4)
08/10/201618:50:43Statement of Changes in Beneficial Ownership (4)
08/10/201618:49:47Statement of Changes in Beneficial Ownership (4)
08/10/201618:47:50Statement of Changes in Beneficial Ownership (4)
08/10/201618:46:49Statement of Changes in Beneficial Ownership (4)
08/10/201618:45:40Statement of Changes in Beneficial Ownership (4)
08/10/201618:45:12Statement of Changes in Beneficial Ownership (4)
08/10/201618:43:19Statement of Changes in Beneficial Ownership (4)
08/09/201617:28:47Amended Securities Registration (section 12(b)) (8-a12b/a)

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