8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 12, 2017

XL GROUP LTD

(Exact name of registrant as specified in its charter)

Bermuda	1-10804	98-1304974
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

O'Hara House, One Bermudiana Road, Hamilton, Bermuda	HM 08
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:(441) 292-8515

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Regulation FD Disclosure

On September 12, 2017, XL Group Ltd (the "Company") issued a press release announcing that the Bermuda Monetary Authority, the Company's group supervisor, approved the use of a full internal model (“ICM”) to calculate the Company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements in substitution of the Bermuda Solvency Capital Requirement (“BSCR”) standard formula. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following exhibit is filed herewith:

Exhibit No.	Description
99.1	Press Release ("XL Group Ltd receives full internal model approval from Bermuda Monetary Authority") dated September 12, 2017.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:     September 12, 2017

XL Group Ltd

(Registrant)

By: /s/ Kirstin Gould

Name: Kirstin Gould

Title: General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release ("XL Group Ltd receives full internal model approval from Bermuda Monetary Authority") dated September 12, 2017.

EX-99.1

Press Release			O'Hara House
			One Bermudiana Road
			Hamilton HM 08
			Bermuda
Contact:	Abbe F. Goldstein, CFA	Carol Parker-Trott	Phone +1 441 292 8515
	Investor Relations	Media Relations	Fax +1 441 294 7307
	(203) 964-3573	(441) 294-7290	www.xlgroup.com

XL Group Ltd and subsidiary XL Bermuda Ltd receive regulatory approval to use internal capital model to calculate economic capital requirements

Hamilton, Bermuda - September 12, 2017 - XL Group Ltd (“XL” or the “Company”) today announced that the Bermuda Monetary Authority (“BMA”), XL’s group supervisor, has approved the use of a full internal model (“ICM”) to calculate the Company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements (“ECR”) in substitution of the Bermuda Solvency Capital Requirement (“BSCR”) standard formula.

XL’s 2017 ECR ratio using the ICM is 205%. XL’s 2017 ECR ratio prepared using the BSCR was 196%, as disclosed in the Company’s Financial Condition Report at and for the year ended December 31, 2016 posted to www.xlgroup.com on August 31, 2017.

Commenting on today’s announcement, Chief Executive Officer Mike McGavick said: “We are pleased to receive approval of our full internal model in that it speaks to the fact that the model has been robustly researched and tested, and its assumptions and outputs have been challenged and validated. We have used internal models extensively over the last decade to manage capital allocation, risk budgeting, reinsurance purchasing and financial reporting. Our commitment to the approved model and the model approval process represents our dedication to continuous improvement and to leading edge analytics, high quality governance practices as well as our enterprise risk management culture and environment. We believe that our model represents a valuable asset which synthesizes insights from across our organization, improving the quality of our returns.”

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.