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Balance Sheet Cash Flow Statement XL House, 1 Bermudiana Rd. Hamilton HM 11, Bermuda Tel. 441-292-8515 Fax 441-292-5280 |
Type: Public
On the web:
http://www.xlcapital.com
Employees:
4,000
Employee growth: (0.3%)
Need insurance on that telecommunications satellite? XL-ent! XL Capital, headquartered in Bermuda (not only for tax reasons; the company originates more than 10% of its premiums there), writes liability insurance and reinsurance worldwide, specializing in low-frequency, high-severity risks from riots to natural disasters. The company writes policies through numerous subsidiaries, many of them offshore, and also manages a Lloyd's of London syndicate. Targeted towards large and midsized corporations, XL Capital's coverage includes general and executive liability, property, and political risk insurance. Its reinsurance covers property, aviation, energy, nuclear accident, and professional indemnity.
Key numbers for fiscal year ending December, 2008:
Sales: $7,148.1M
One year growth: (21.8%)
Net income: ($2,553.8)M
Officers:
Chairman: Robert R. Glauber
CEO and Director: Michael S. (Mike) McGavick
EVP and CFO: Brian W. Nocco
Competitors:
ACE Limited
FM Global
Max Capital Group
