0000930413-11-001790.txt : 20110310 0000930413-11-001790.hdr.sgml : 20110310 20110310101110 ACCESSION NUMBER: 0000930413-11-001790 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110309 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110310 DATE AS OF CHANGE: 20110310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XL GROUP PLC CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 980665416 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10804 FILM NUMBER: 11677064 BUSINESS ADDRESS: STREET 1: NO. 1 HATCH STREET UPPER STREET 2: 4TH FLOOR CITY: DUBLIN STATE: L2 ZIP: 2 BUSINESS PHONE: 353-1-405-2033 MAIL ADDRESS: STREET 1: NO. 1 HATCH STREET UPPER STREET 2: 4TH FLOOR CITY: DUBLIN STATE: L2 ZIP: 2 FORMER COMPANY: FORMER CONFORMED NAME: XL CAPITAL LTD DATE OF NAME CHANGE: 19990302 FORMER COMPANY: FORMER CONFORMED NAME: EXEL LTD DATE OF NAME CHANGE: 19950720 8-K 1 c64683_8k.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

     

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):

 

March 9, 2011

XL GROUP
Public Limited Company
(Exact name of registrant as specified in its charter)

         

Ireland

 

1-10804

 

98-0665416

(State or other jurisdiction of
incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)


       

No. 1 Hatch Street Upper, 4th Floor, Dublin, Ireland

 

2

 

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: +353 (1) 405-2033

     

 

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))





Item 8.01. Other Events.

XL Group plc issued a press release on March 9, 2011. 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 exhibits are filed herewith:

     

Exhibit No.

 

Description

 

99.1

 

Press Release (“XL Group plc Announces Preliminary Loss Estimates for New Zealand Earthquake that Occurred on February 22, 2011”) dated March 9, 2011.



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: March 10, 2011

       

 

XL Group plc

 

 

By:

 

/s/ Kirstin R. Gould           

 

 

 

Name: Kirstin R. Gould

 

 

 

Title:   General Counsel and Secretary



EX-99.1 2 c63683_ex99-1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EXHIBIT 99.1


   

 

XL Group plc
XL House
One Bermudiana Road
Hamilton HM 08
Bermuda
Phone (441) 292-8515
Fax (441) 292-5280

Press Release

         

Contact:

 

David Radulski

 

Carol Parker Trott

 

 

Investor Relations

 

Media Relations

 

 

(441) 294-7460

 

(441) 294-7290



XL GROUP PLC ANNOUNCES PRELIMINARY LOSS ESTIMATES FOR NEW ZEALAND
EARTHQUAKE THAT OCCURRED ON FEBRUARY 22, 2011

Hamilton, Bermuda – March 9, 2011 - XL Group plc (“XL” or the “Company”) (NYSE: XL) today announced preliminary net loss estimates for the earthquake that struck Christchurch, New Zealand on February 22, 2011 (the “New Zealand Earthquake”).

The Company’s preliminary loss estimates related to the New Zealand Earthquake, pretax and net of reinsurance and reinstatement premium, range from approximately $70 million to $85 million, the majority of which is attributable to XL’s reinsurance segment.

The Company’s estimates are based on its review of individual treaties and policies expected to be impacted and client data received to date and has taken into account current total insured market loss estimates, both from published sources and the Company’s internal analysis. These preliminary loss estimates correspond to expected insured market losses for the New Zealand Earthquake in the range of $8 billion to $12 billion. Given there is currently a wide range of estimates for the extent of total economic and insured industry losses, the Company’s loss estimates involve the exercise of considerable judgment and are accordingly subject to revision as additional information becomes available. Actual losses may differ materially from these preliminary estimates.

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Its principal executive offices are located at No. 1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. More information about XL Group plc is available at www.xlgroup.com.

1


This press release contains forward-looking statements about the estimated impact of the earthquake that struck Christchurch, New Zealand on February 22, 2011 (the “New Zealand Earthquake”). 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. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements include the preliminary nature of reports and estimates of loss related to the New Zealand Earthquake and the other factors set forth in XL's reports on Form 10-K, Form 10-Q, and other documents on file with the Securities and Exchange Commission. XL undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future developments or otherwise.

2


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