HAMILTON, Bermuda, Oct. 28, 2016 /PRNewswire/ -- XL Group Ltd
("XL" or the "Company") (NYSE: XL) announced today that the Board
of Directors of the Company declared a quarterly dividend on
October 27, 2016 of $0.20 per common share payable on the Company's
common shares. The dividend will be payable on January 2, 2017 to common shareholders of record
as of December 15, 2016.
The Company also announced today that the board of directors of
its wholly-owned subsidiary, XLIT Ltd., resolved on October 27, 2016 to pay a dividend of
$10.2222 per share on XLIT Ltd.'s
Series D Preference Ordinary Shares, which dividend will be paid on
January 17, 2017 to all shareholders
of record as of January 13, 2017.
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