XL Group Ltd Announces Quarterly Dividend of $0.20 per Ordinary Share; Also Announces Preference Ordinary Share Dividends

HAMILTON, Bermuda, Aug. 5, 2016 /PRNewswire/ -- XL Group Ltd ("XL" or the "Company") (NYSE: XL) announced today that the Board of Directors of the Company (the "Board") declared a quarterly dividend on August 5, 2016 of $0.20 per common share payable on the Company's common shares.  The dividend will be payable on September 30, 2016 to ordinary shareholders of record as of September 15, 2016.

The Company also announced today that the board of directors of its wholly-owned subsidiary, XLIT Ltd., resolved on August 5, 2016 to pay (a) a dividend of $9.7312 per share on XLIT Ltd.'s Series D Preference Ordinary Shares, which dividend will be paid on October 15, 2016 to all shareholders of record as of October 1, 2016 and (b) a dividend of $32.50 per share on XLIT Ltd.'s Series E Preference Ordinary Shares, which dividend will be paid on October 15, 2016 to all shareholders of record as of October 1, 2016.

About XL Group Ltd

XL Group Ltd (NYSE:XL), through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world.  Clients look to XL Catlin for answers to their most complex risks and to help move their world forward.  To learn more, visit www.xlgroup.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Statements that include the words "expect," "estimate," "intend," "plan," "believe," "project," "anticipate," "may," "look" or similar statements of a future or forward-looking nature identify forward-looking statements. Factors that could cause actual results to differ from those predicted are set forth under "Risk Factors" or "Cautionary Note Regarding Forward-Looking Statements" in XL's Annual Report on Form 10-K for the year ended December 31, 2015 and our other documents on file with the SEC. XL undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

SOURCE XL Group Ltd