XL Bermuda Ltd
XL Bermuda Ltd | |
|---|---|
| Corporate identity | |
| Type | Exempted company limited by shares |
| Registration number | 21291 |
| Regulated | Yes |
| License type | P&C (Non-Life), Reinsurance, Life (run-off) |
| Incorporation | 2012 |
| Headquarters | O'Hara House, One Bermudiana Road, Hamilton HM11, Bermuda |
| Country | Bermuda |
| Regulator | Bermuda Monetary Authority |
| Ultimate parent | XL Group Ltd |
| Group status | Subsidiary |
| Business & markets | |
| Operating status | Active |
| Lines of business | Property and casualty insurance, property and specialty reinsurance, run-off life operations, risk consulting |
| Geographic markets | Global (United States, Europe, United Kingdom) |
| Key financials (2024) | |
| Currency | USD |
| Revenue | USD 20,551,757 thousand |
| Net income | USD 2,225,863 thousand |
| Total assets | USD 65,720,401 thousand |
| Equity | USD 12,800,510 thousand |
| Solvency ratio | 186% (ECR coverage ratio) |
🛡️ XL Bermuda Ltd is a Bermuda exempted company (company number 21291) and a regulated Class 4E insurer under the Bermuda Insurance Act 1978, headquartered at O'Hara House, One Bermudiana Road, Hamilton.[1] Supervised by the Bermuda Monetary Authority, it operates across property and casualty insurance, reinsurance, and run-off life lines, with business written across professional, casualty, property (including property catastrophe), and specialty segments on a global basis.[2] It is wholly owned by XL Group Ltd, with AXA SA as ultimate parent.[3] For the year ended 31 December 2024, the entity reported revenues from all activities of USD 20.6 billion (in thousands), net income of USD 2.2 billion (in thousands), total assets of USD 65.7 billion (in thousands), and shareholders' equity of USD 12.8 billion (in thousands).[2] On the Bermuda solvency basis, the company disclosed an Enhanced Capital Requirement coverage ratio of 186% and available statutory capital and surplus of USD 14.4 billion (in thousands).[3] The entity was formerly known as XL Re Ltd, and AXA SA acquired the XL Group on 12 September 2018.[2]
References
- ↑ "LEI record — XL Bermuda Ltd". Bloomberg LEI. Retrieved 13 March 2026.
- ↑ 2.0 2.1 2.2 "XL Bermuda Ltd — 2024 Audited Financial Statements (Class 4)" (PDF). Bermuda Monetary Authority. 2024.
- ↑ 3.0 3.1 "XL Bermuda Ltd — Financial Condition Report 2024" (PDF). AXA XL. 2024.