Reinsurance
Product Family

XL Bermuda Ltd

The company provides coverage for a broad range of risks, including Property Catastrophe US and International and Specialty risks (Onshore Energy and Lloyd’s capital business), solely on a treaty basis. The Property Catastrophe coverage is provided to insurance companies domiciled in the United States, Canada, the United Kingdom, Japan, Australia, New Zealand and the Caribbean.

XL Bermuda Ltd is headquartered in Bermuda.

Transfer of general reinsurance business

XL Bermuda Ltd Singapore Branch (“XLB SG”), which is a Singapore branch of the XL Bermuda Ltd, will transfer its general reinsurance business to Catlin Re Switzerland Ltd Singapore Branch (“CRCH SG”). The transfer will be carried out by way of a scheme of transfer pursuant to section 49FB of the Insurance Act (Cap 142) between XLB SG and CRCH SG (the "Scheme"). The Scheme has been approved by the MAS and is also subject to the confirmation of the High Court of Singapore. Here are the FAQs, the Notice and the Scheme of Transfer for your reference.

* Subsequent to the XL Bermuda Ltd.’s June 16, 2020 submission of the Financial Condition Report (“FCR”) to the BMA, a misstatement was identified in the “Adjustment for DAC”, understating Statutory Consolidated Total Shareholder’s Equity at December 31, 2019 by $650 million. This change has been reflected in the results included in Section E. Capital Management of the attached FCR document.