Dividends (Tables)

12 Months Ended

Dec. 31, 2014

Dividends Disclosure [Abstract]

Schedule of dividends paid

XL-Cayman paid dividends to Series D and Series E preference shareholders for the indicated years ended December 31, as follows:

(U.S. dollars in millions)	2014		2013		2012
Series D preference ordinary shares (1) (2)	$	11.7	$	12.3	$	14.0
Series E preference ordinary shares (3)	$	65.1	$	65.1	$	65.1

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(1) On October 31, 2014, the Company announced that the Board of Directors of XL-Cayman resolved to pay a dividend of $8.5563 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend was paid on January 15, 2015 to all shareholders of record at January 1, 2015.

(2) On February 20, 2015, the Company announced that the Board of Directors of XL-Cayman, resolved on February 19, 2015 to pay a dividend of $8.4315 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend will be paid on April 15, 2015 to all shareholders of record at April 1, 2015.

(3) On February 20, 2015, the Company announced that the Board of Directors of XL-Cayman, resolved on February 19, 2015 to pay a dividend of $32.50 per share on XL-Cayman’s Series E Preference Ordinary Shares. The dividend will be paid on April 15, 2015 to all shareholders of record at April 1, 2015.