Published on March 13, 2014
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO ABOUT REINSURANCE FACT FILE Presenter Name Title Date 1
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO XL‟s Reinsurance Operations • Diversified by Product Line and Geography • With talented & experienced teams • Ranked among the top global reinsurance groups* • Serving most of the world's 500 leading insurance companies • Approximately 400 employees • Offices in 13 countries * Based on Standard & Poor’s Global Reinsurance Highlights 2013 2
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance - Vision • To be the Reinsurer of choice in our selected markets by providing our clients with innovative solutions, dependable and transparent underwriting combined with excellent service, while delivering optimal returns on equity to our shareholders over time as compared to our Reinsurer peers. 3
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance - Core Competencies • Underwriting Discipline • comprehensive focus on client support to provide a consistent approach across the Reinsurance companies • Financial Security • excellent financial strength • Organizational excellence • integrity, teamwork, underwriting excellence, professionalism and respect 4
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Financial Strength XL Group plc‟s Insurance and Reinsurance operating companies have one or more of the following financial strength ratings: Insurance and Reinsurance operating companies Financial Strength Ratings A.M. Best A Moody’s A2 Fitch A S&P A+ 5
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance - Financial Highlights Results Comparison Q4/2013 vs. Q4/2012 Q4 2013 * GPW: $164.8 million NPE: $445.0 million Loss Ratio: 56.0% Combined Ratio: 85.1% Uwtg Profit: $66.2 million GPW: $157.8 million NPE: $492.9 million Loss Ratio: 79.2% Combined Ratio: 104.4 % Uwtg Loss: $21.7 million * Results for the quarter ending December 31, 2013 Q4 2012 6
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance - Financial Highlights 2013 2012 GPW $1,893 million $2,008 million NPE $1,746 million $1,841 million Loss Ratio 51.6% 58.4% Combined Ratio 81.4% 86.9% Uwtg Profit $325 million $241 million 7
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance Companies: Our Products • Treaty • Aviation • Casualty • Marine • Property Catastrophe • Other Property • Specialty Lines • Facultative • Property Speed, agility and high quality service set us apart from other reinsurers as we strive to deliver intelligent and efficient solutions. We offer a consistent underwriting approach and risk appetite coupled with knowledgeable and transparent underwriting decisions. Our technical underwriting ability is one of the reasons why clients and broker use us as a “lead” underwriting market. 8
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Product Line Mix = Flexibility Casualty Professional 20.5% Casualty Other 25.4% Marine & Energy, Av iation & Satellite 4.2% Other 4.8% Property Cat 10.2% Property Other 34.9% Casualty Professional 11.8% Casualty Other 16.2% Marine & Energy, Av iation & Satellite 4.9% Other 6.7% Property Cat 29.4% Property Other 31.0% GWP 2013 Split by Line of Business Casualty Professional 12.4% Casualty Other 32.1% Marine & Energy Av iation & Satellite 13.1% Other 3.0% Property Cat 16.8% Property Other 22.6% GPW $1,893 million for the Year 2013 Q4 GPW $157.8 million as of December 31, 2012 Q4 GPW $164.8 million as of December 31, 2013 9
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Geographic Spread = Flexibility North America 27.1% Bermuda 29.4% International 43.5% GPW 2013Split byRegion • North America • North America multi-line with focus on Casualty and non-Cat Property • Bermuda • Property CAT US and International (UK/Japan/WW), “Specialty” Risks, Lloyd‟s Capacity Provider • International • Europe and Asia Pacific Property, Casualty, Marine, Aviation, Propert y Retrocession, Property Facultative and Specialty Business, Latin America and MENA markets GPW $1.89 billion year ended December 31, 2013 10
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO Reinsurance Executive Group • Jamie Veghte Chief Executive, XL Group Reinsurance Operations • John Welch President & Chief Operating Officer, XL Re America • Charles Cooper President & Chief Underwriting Officer, XL Re Bermuda • David Watson International Business Group Leader & Chief Executive Officer, XL Re Europe • Philippe Rochaix President & Chief Operating Officer, XL Re Latin America Ltd • Derrick Irby Executive Vice President & Chief Financial Officer • Jean-Marc Wassen Chief Actuarial Officer 11
© 2013, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO THANK YOU 12
© 2014, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO About XL Group plc • XL Group plc (NYSE:XL), 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 throughout the world. • XL Group plc‟s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance. • XL Group plc„s reinsurance companies are among the world‟s leading reinsurers. They offer products that include aerospace, property, casualty, marine and specialty. The world‟s top insurers choose us to help move their businesses forward. To learn more, visit xlgroup.com/reinsurance. • We are the organization clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com 13
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