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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
12/05/201616:48:31Statement of Changes in Beneficial Ownership (4)
12/05/201611:42:00XL Group Ltd Announces Appointment of Andre Keller as Chief Investment...
11/18/201609:00:00XL Catlin Appoints New Multinational Casualty Insurance Leader
11/17/201610:12:00XL Catlin Adds Terrorism & Political Violence Coverage Options...
11/16/201610:28:00XL Catlin Names Global Claims Practice Leader for Political Risk...
11/09/201614:58:00XL Catlin Appoints New Global Excess Casualty Insurance Leader
11/07/201611:17:00XL Catlin's North America Property Insurance Team Promotes Two...
11/04/201616:39:52Current Report Filing (8-k)
11/04/201616:18:18Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
11/04/201616:18:17Quarterly Report (10-q)
11/02/201611:00:00XL Catlin Appoints Rajiv Joshi as Construction Manager, Canada
11/01/201610:00:00XL Catlin Adds Employment Practices Liability Option To Design...
10/28/201608:30:00XL Group Ltd Announces Quarterly Dividend of $0.20 per Common...
10/26/201616:11:12Current Report Filing (8-k)
10/26/201616:05:00XL Group Ltd* Announces Third Quarter 2016 Results
10/26/201608:14:34Current Report Filing (8-k)
10/26/201608:08:00XL Group Announces Realigned P&C Operating Model and Related...
10/21/201607:30:00New Ocean Capital Management Limited Announces Strategic Relationship...
10/20/201612:00:00XL Catlin Introduces Industry-Specific Enhancements to Tailor...
10/19/201612:00:00Steven Zimmerman Joins XL Catlin as Client Distribution Leader...

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