HAMILTON, Bermuda, Aug. 5, 2016 /PRNewswire/ -- XL Group Ltd ("XL"
or the "Company") (NYSE: XL) announced today that the Board of
Directors of the Company (the "Board") declared a quarterly
dividend on August 5, 2016 of
$0.20 per common share payable on the
Company's common shares. The dividend will be payable on
September 30, 2016 to ordinary
shareholders of record as of September 15,
2016.
The Company also announced today that the board of directors of
its wholly-owned subsidiary, XLIT Ltd., resolved on August 5, 2016 to pay (a) a dividend of
$9.7312 per share on XLIT Ltd.'s
Series D Preference Ordinary Shares, which dividend will be paid on
October 15, 2016 to all shareholders
of record as of October 1, 2016 and
(b) a dividend of $32.50 per share on
XLIT Ltd.'s Series E Preference Ordinary Shares, which dividend
will be paid on October 15, 2016 to
all shareholders of record as of October 1,
2016.
About XL Group Ltd
XL Group Ltd (NYSE:XL), through its subsidiaries and under the
XL Catlin brand, is a global insurance and reinsurance company
providing property, casualty and specialty products to industrial,
commercial and professional firms, insurance companies and other
enterprises throughout the world. Clients look to XL Catlin
for answers to their most complex risks and to help move their
world forward. To learn more, visit www.xlgroup.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about XL's beliefs, plans or expectations, are
forward-looking statements. These statements are based on current
plans, estimates and expectations, all of which involve risk and
uncertainty. Statements that include the words "expect,"
"estimate," "intend," "plan," "believe," "project," "anticipate,"
"may," "look" or similar statements of a future or forward-looking
nature identify forward-looking statements. Factors that could
cause actual results to differ from those predicted are set forth
under "Risk Factors" or "Cautionary Note Regarding Forward-Looking
Statements" in XL's Annual Report on Form 10-K for the year ended
December 31, 2015 and our other
documents on file with the SEC. XL undertakes no obligation to
update publicly or revise any forward-looking statement, whether as
a result of new information, future developments or
otherwise.
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SOURCE XL Group Ltd