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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; [email protected]

Stock News for Xl Capital (XL)
DateTimeHeadline
02/23/201717:33:11Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
02/23/201712:16:00XL Catlin announces Ocean Risk Grants for Early Career Scientists
02/23/201708:09:09Annual Report (10-k)
02/22/201716:22:20Current Report Filing (8-k)
02/22/201716:15:00XL Group Ltd Announces Retirement of Peter Porrino as Chief Financial...
02/21/201708:30:00XL Catlin Releases Contract eGuide Professional Services Agreements:...
02/17/201706:55:00XL Group Ltd Announces $1 Billion Share Buyback Program and Increase...
02/10/201717:12:51Statement of Ownership (sc 13g)
02/10/201714:11:11Amended Statement of Ownership (sc 13g/a)
02/10/201711:42:27Statement of Ownership (sc 13g)
02/09/201711:08:56Schedule 13g
02/07/201712:26:11Amended Statement of Ownership (sc 13g/a)
02/06/201706:03:23Amended Statement of Ownership (sc 13g/a)
02/01/201716:14:39Current Report Filing (8-k)
02/01/201716:05:00XL Group Ltd* Announces Fourth Quarter and Full Year 2016 Results
01/27/201706:10:50Amended Statement of Ownership (sc 13g/a)
01/24/201710:30:00XL Catlin Adds to Global Excess Casualty Insurance Teams In Dallas...
01/23/201708:08:00XL Catlin Obtains Final Approval to Establish an Onshore Reinsurance...
01/18/201715:00:00XL Catlin Announces US Regional Leadership Promotions in Global...
01/18/201708:30:00XL Catlin Tops Advisen's Pacesetters Index for Insurance Product...

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