In addition, the Board of Directors of XL Group Ltd., a wholly owned subsidiary of the Company, resolved on May 5, 2011 to pay a dividend of $0.76275 per share on XL Group Ltd.’s Series C Perpetual Non-Cumulative Preference Ordinary Shares. The dividend will be paid on July 15, 2011 to all shareholders of record as of June 30, 2011.
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 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.