0000930413-11-002535.txt : 20110405 0000930413-11-002535.hdr.sgml : 20110405 20110405090642 ACCESSION NUMBER: 0000930413-11-002535 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110404 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110405 DATE AS OF CHANGE: 20110405 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: 11738254 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 c65095_8k.htm
 
 

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):   April 4, 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   (Commission   (IRS Employer
incorporation)   File Number)   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):

    o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    o 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 April 4, 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 Japanese Earthquake and Tsunami that Occurred on March 11, 2011”) dated April 4, 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: April 5, 2011            
 
    XL Group plc    
 
    By:    /s/ Irene M. Esteves
        Name: Irene M. Esteves
        Title: Chief Financial Officer

EX-99.1 2 c65095_ex99-1.htm

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 JAPANESE
EARTHQUAKE AND TSUNAMI THAT OCCURRED ON MARCH 11, 2011

Hamilton, Bermuda – April 4, 2011 - XL Group plc (“XL” or the “Company”) (NYSE: XL) today announced preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan (the “Japanese Earthquake and Tsunami”).

The Company’s preliminary loss estimates related to the Japanese Earthquake and Tsunami, pretax and net of reinsurance and reinstatement premiums, range from approximately $190 million to $290 million, with approximately 70 percent attributable to XL’s reinsurance segment. The wide range reflects the continued uncertainty regarding the event, including whether coverage levels will be reached under certain policies.

The Company’s estimates are based on a combination of commercial model outputs and its review of individual treaties and policies expected to be impacted along with available client data. The Company’s loss estimates involve the exercise of considerable judgment due to the complexity and scale of the insured event, 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.

This press release contains forward-looking statements about the estimated impact of the March 11, 2011 earthquake and tsunami in Japan (the “Japanese Earthquake and Tsunami”). 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 Japanese Earthquake and Tsunami 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.

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