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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
04/16/201511:00:00XL Group Introduces Simplified Environmental Excess Policy Form
04/09/201522:24:47Reinsurance M&A Generally Positive, But Won't Solve Issues: Moody's
04/09/201509:43:34XL Group catches upgrade
04/08/201517:15:00XL Group plc to Release First Quarter 2015 Results on Wednesday...
04/08/201517:14:48Current Report Filing (8-k)
04/02/201519:22:55Statement of Changes in Beneficial Ownership (4)
04/02/201519:21:09Statement of Changes in Beneficial Ownership (4)
04/02/201519:14:46Statement of Changes in Beneficial Ownership (4)
04/02/201519:12:37Statement of Changes in Beneficial Ownership (4)
04/02/201519:11:07Statement of Changes in Beneficial Ownership (4)
04/02/201519:09:16Statement of Changes in Beneficial Ownership (4)
04/02/201519:07:16Statement of Changes in Beneficial Ownership (4)
04/01/201517:16:00XL Group Creates New Venture Capital Initiative: XL Innovate
04/01/201516:46:03Current Report Filing (8-k)
03/30/201518:33:30ModernGraham Annual Valuation Of XL Group
03/30/201517:15:19Securities Registration (section 12(b)) (8-a12b)
03/30/201517:13:09Current Report Filing (8-k)
03/26/201506:02:16Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/25/201512:00:00XL Group and Red Angle Team Up To Boost Contractors' Risk Management...
03/25/201506:02:04Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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