Dividends (Tables)

12 Months Ended

Dec. 31, 2015

Dividends Disclosure [Abstract]

Schedule of dividends paid

preference shareholders for the indicated years ended December 31, as follows:

(U.S. dollars in millions)	2015		2014		2013
Series D preference ordinary shares (1) (2)	$	11.8	$	11.7	$	12.3
Series E preference ordinary shares (3)	$	65.1	$	65.1	$	65.1
Non-cumulative perpetual preferred shares (4)	$	21.8	$	—	$	—

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(1) On October 30, 2015, the Company announced that the Board of Directors of XL-Cayman resolved to pay a dividend of $8.7787 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend was paid on January 15, 2016 to all shareholders of record at January 1, 2016.

(2) On February 19, 2016, the Company announced that the Board of Directors of XL-Cayman, resolved on February 18, 2016 to pay a dividend of $9.349 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend will be paid on April 15, 2016 to all shareholders of record at April 1, 2016.

(3) On February 19, 2016, the Company announced that the Board of Directors of XL-Cayman, resolved on February 18, 2016 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, 2016 to all shareholders of record at April 1, 2016.

(4) On January 12, 2016, the Board of Directors of Catlin-Bermuda resolved to pay a dividend in the aggregate amount of $21.8 million on CICL Prefs. The dividend was paid on January 19, 2016 to all shareholders of record at December 31, 2015.