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Dividends (Tables)
 12 Months Ended
Dec. 31, 2016
Dividends Disclosure [Abstract]  
Schedule of dividends paid
XL-Cayman paid its preference shareholders for the indicated years ended December 31, as follows:
(U.S. dollars in millions)
2016
 
2015
 
2014
Series D preference ordinary shares (1) (2)
$
12.9

 
$
11.8

 
$
11.7

Series E preference ordinary shares (3)
$
65.0

 
$
65.1

 
$
65.1

Non-cumulative perpetual preferred shares (4)
$
43.5

 
$
21.8

 
$
—

____________
(1)
On October 28, 2016, the Company announced that the Board of Directors of XL-Cayman resolved to pay a dividend of $10.2222 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend was paid on January 17, 2017 to all shareholders of record at January 13, 2017. On December 29, 2016, the Board of Directors of XL-Cayman also resolved to pay an additional one-time dividend of $0.3525 per share on XL-Cayman's Series D Preference Ordinary Shares. The dividend was paid on January 17, 2017 to all shareholders of record at January 13, 2017.
(2)
On February 17, 2017, the Company announced that the Board of Directors of XL-Cayman resolved on February 16, 2017 to pay a dividend of $10.473 per share on XL-Cayman’s Series D Preference Ordinary Shares. The dividend will be paid on April 18, 2017 to all shareholders of record at April 14, 2017.
(3)
On February 17, 2017, the Company announced that the Board of Directors of XL-Cayman resolved on February 16, 2017 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 18, 2017 to all shareholders of record at April 14, 2017.
(4)
On January 12, 2017, 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, 2017 to all shareholders of record at December 31, 2016.