0000930413-11-004371.txt : 20110614 0000930413-11-004371.hdr.sgml : 20110614 20110614101726 ACCESSION NUMBER: 0000930413-11-004371 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110613 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110614 DATE AS OF CHANGE: 20110614 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: 11909625 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 c65976_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): June 13, 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 June 13, 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 Severe Weather Occurrences in the United States”) dated June 13, 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: June 14, 2011

XL Group plc

(Registrant)

 

  By:   /s/ Gregory S. Hendrick  
      Name: Gregory S. Hendrick
      Title: Executive Vice President, Strategic Growth

EX-99.1 2 c65976_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 SEVERE
WEATHER OCCURRENCES IN THE UNITED STATES

 

Hamilton, Bermuda – June 13, 2011 – XL Group plc (“XL” or the “Company”) (NYSE: XL) today announced preliminary net loss estimates related to the severe weather occurrences, including devastating tornado activity, which affected the Midwest and Southeast United States over the periods April 22 – 28 and May 20 – 23, 2011 (the “Storms”).

 

The Company’s preliminary loss estimates related to the Storms, pretax and net of reinsurance and reinstatement premiums, range from approximately $50 million to $75 million, with the majority attributable to XL’s reinsurance segment.

 

The Company’s estimates are based on 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 and are accordingly subject to revision as additional information becomes available. Actual losses may differ materially from these preliminary estimates.

 

About XL

 

XL was formed in 1986 in response to the unmet risk management needs of 68 of the world's largest companies. This year, as XL celebrates its 25th anniversary, it remains the company clients look to for innovative insurance and reinsurance solutions for their most complex risks. XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty

 

 

1

 

 

products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Its principal 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 severe weather occurrences, including devastating tornado activity, which affected the Midwest and Southeast United States over the periods April 22 – 28 and May 20 – 23, 2011 (the “Storms”). 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 Storms 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

 GRAPHIC 3 c65976_ex99x1x1.jpg begin 644 c65976_ex99x1x1.jpg M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_ MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``L`$4#`2(``A$!`Q$!_\0` M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4% M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^P7]M+_@H M5\)?V%9_`H^+7@'XR^)-/^(,>KC1=<^''AOPEK&BVM_HSV@N-'U2\\3>.O"# M6^K3V]X+ZTM;:&\66R@N9GEB,01_//@M_P`%6_V=_CY\+/C'\3_AUX.^,^HS M?!'3;;7/%/PUE\.^"'^*.JZ!<-;+)K_AGP[IOQ$U'3M0TBQ:>9;ZZOM=TOR& ML+U521HXA-]1_M6_LR?#W]K3X.>)OA!\0[.$VFL6LD_A_7EBC?5?"'B:"&<: M5XFT5V*LE[82R;9(Q(D5W9S7-I/NBE;'\97CSP]\:O\`@DK^V_);>&=1N=23 MPU?0ZEH-U<>=;:)\6OA)X@>WEDT?6TVO#&KK5+>W6XM=`%]HWQ+\2:@=$+GX=_ML? MLVRSV_[/'Q]U"V\<^%O[*;[-J?P5^*,,O]IZG\.]8D@ED&G7^CZU87T_AV<. M-ATVYTSAM/MIYZ/[%'[/MO\`%77OB3^V+^T;/I:OXFUV]TU]<$[['M=5@TI`+_5898>_^R\MY(8GG MJ>S:=)X;FE[7ZPG&/+SVWO*RCLVM[$?6,1;V=H^T_B*I9$-(\J&."VMX+6.>9Y$6*74;L7MP1Y)\B+Z!^ M-&#_`,$U?V%B._Q?_:[_`/4C\&?XUHLEPM.:$U5Q&*J4ZD54;4(1C5DH: M:*2Y4G+=M,REC:K5>47%*$:,H>[?2I5A%WUU]V3MYZG]P'[/_P`;_"G[1_P> M\!?&WP/I_B'2O"OQ$T>36]%T_P`5VFFV/B&UM([^[TYH]4M-(U;7--@N#/9R ML$M-6OH_*:-C*'+(OL=?GM_P2J_Y1]_LN_\`9/KG_P!2C7:_0FOE:T5"O6IQ M^&G5J0C?5\L9-*[ZNQZ=*3G3A)[RBF[=V@HHHK,L*_*7_@KK^S)\+/CC^RCX M]^(7C34;#PAXT^!/AO7O'/@'Q_+UMK;3;? M3F$TUMXA;1M2TV-I[:2"Z_4V_P!0L=+M;F^U&\MK"RL[>6ZN[R\N([6TM;6% M&DFN;FXG9(((((T>66:5TCBB2221@B,P_CS_`."SG[?&I?'+XGZA^S+\,-8^ MU_"/X;:]!;^)YM$D>X/Q`^(VF2SQ7%OYEH\RZAH'AR[\JSTJ.W#PWNNP7FI1 MF5H=,:'ORG"UZ^,A[)^SY*D:SJW:4%!PEH^DFTE'I=J[2U,,1)*C46[E"<8Q M5KN4HM))7ZMK[UW/#O\`@EAX^N_B%XUUG]A#XA^$;_XD_L]_M'VVK2^(O#5I M&CWGPW\::1I4FH6/Q;T/46DADT)M%;3;./6KN)@'EATB^\I]0B@L]8TO^"J' MBJ;X*ZWX3_X)_?"WPM>?#SX`?`S3-#\016$WE_VA\8?'WBO08M9U+XJ>(K^. M[N!JUK6,I1BYI<^M[66G!=.E&GS*,G%MW=K6<&HR\YJ[CNG9^5\W]H7]F_X:_!S M_@DM^S?\3O"FJ6?BKQG\?_C;X*\<>//%MG/+<6Z,OPS^+;Z-X*L(IT2:RL?! M[:A?6-_;LJ37/B>35-1OE#O;0V?SY\:?^4:O["W_`&6#]KO_`-2/P77RU%O$^G^'?%GACQ#IT-E/MEL8=< MA\1K>:GI\D4:VFJZ*'2)+B]NV?\`0#4O@1\7_CA_P3<_8QM?A'\/?$OQ`N?# MOQ:_:ON-;B\.6L-XVEPZEXA\,1:?)=F6>)8Q=SVDR0C)+-;RY`V-50C.A[%8 MB:O+,YU_:S:49PGA:TXRYGO>-K.^MUU:.=QE556,(R%K;3T\"WGC71+?Q M<]]<6T(N+>S70)-0:ZGA8310!WB(=0:^?Q&5.53$5EC<$XRJ5*L8^V]YQ;YD MK`=`_9\_9K^#'QE\=6'Q/T34KCXJ>,OAQ\,?&OC*QL/#)NFL++P=% MK7AG1]1MM.U+69H;VYUJ&2>.[BT5+2-HQ;ZPKM^47_!/S]@KXG?#>P^)7[87 MQ]_9S^,6M7_P'B2_^$GP)OOAQXUM_B#\4/B4)K"73-17P;>Z(NOZQX:T>ZO; M2=;NUT^ZMY;DZM>RN4T6XV_V-T5Z=',Y8?"/"T:,*;G?VE>,I*I-2FI2O_+> M"]E>+347=>]9G//#JI451SEIK&-E922TEYM/6SNGV/XB?A-^PW^U_P#MP_MD M-K_[2?PD^-OPO\/^.=?U/Q[\3/&OC?X7>//!^C0:#IM_9M-X/\.ZKXAT*PTV M#4+FSDL_#_AC2DN!*FFPSW\4+P:;$;30'US1O#7B2: MRU6XAU"^L+6TN93I%ZCL_B"W#_.'PIC_`."N_P`$/!UI\/\`X4_##]M'P1X. ML;R_O[/0-$^!_P`4+>Q@N]3G-U?3)&W@USON;AGFD8M\TCL>IK^ZVBE3SJI" MA"A4PU&O"G\/M;RMRKEI_$G_``Z?[N+ZK5WEJ#PGORG&K.$IQC&;C9-M--RN MK--VV5EJ]+.Q_$V/B[_P7$48&A?MTA1T'_"E/B=C'I_R)5>V_LT_%+_@L7J' M[1WP`L/B=HO[947PUOOC9\*K/XA2^*/A#\1=,\,Q^![GQWH,/BR3Q%J5]X1M MK+3]"30'U!M7O;RYM[6TT\7$]Q/%%&\B_P!>]%3+-J