XL’s life reinsurance reserves News

XL Group to Sell Life Re Sub for $570 Million; Best Sees No Rating Change

XL Group plc announced that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. The bulletin indicated that on …