CEO Mike McGavick News

Catlin, XL Agree to Takeover Terms

The Bermuda-based Catlin Group has published its acceptance of terms upon which XL Group plc will acquire Catlin in a “cash and share acquisition of the entire issued and to be issued share capital of Catlin by XL.” The announcement …

XL Group Posts $279.3 Million Q2 Net Loss; $279.6 Operating Income

The XL Group announced that its operating net income for the second quarter of 2014 was $279.6 million, or $1.02 per share, which produced “a net loss attributable to ordinary shareholders of $279.3 million including the loss on sale of …

XL Group Posts $255.7 Million Q1 2014 Net Income; $238.6 Million Operating

The XL Group announced from its Dublin, Ireland headquarters that net income for the first quarter of 2014 was $255.7 million, or $0.91 per share, for the quarter on a fully diluted basis, compared to $350.79 million in Q1 2013. …

XL Group Posts $300.8 Million Q4 Net Income; $1.1 Billion Full Year

XL Group announced a good fourth quarter and an excellent year from its Dublin headquarters. Highlights for the two accounting periods were listed as follows: • Operating net income of $286.9 million, or $1.00 per share, and net income of …