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XL Specialty Insurance Company

From Insurer Brain
XL Specialty Insurance Company
Corporate identity
TypeCorporation (P&C insurer)
RegulatedYes
License typeP&C (Non-Life)
License numberNAIC # 37885
CountryUnited States
RegulatorDelaware Department of Insurance
Ultimate parentGreenwich Insurance Company (indirect)
Group statusSubsidiary
Business & markets
Operating statusActive
Lines of businessOther liability, inland marine, aircraft, specialty lines
Geographic marketsUnited States; Canadian branch
Key financials (2020)
CurrencyUSD
RevenueUSD 359,584,650 (premiums earned)
Net incomeUSD (43,704,975)
Gross written premiumUSD 3,397,300,650
Total assetsUSD 1,941,869,296
EquityUSD 461,916,745

🛡️ XL Specialty Insurance Company is a United States property and casualty insurer supervised under the U.S. state-based regulatory regime and examined by the Delaware Department of Insurance as of December 31, 2020, holding NAIC company code 37885.[1] The company operates within the AXA XL U.S. insurance platform as part of the XL America Group, participating in intercompany pooling and reinsurance structures, with AXA SA identified as the ultimate parent following the 2018 acquisition of XL Group.[2] At year-end 2020, the Delaware examination report showed total admitted assets of approximately $1.94 billion, gross premiums written of approximately $3.40 billion, net premiums written of $392.7 million, policyholder surplus of $461.9 million, and net income of $(43.7) million, reflecting significant affiliate cessions and pooling mechanics.[1] The company's direct premium concentrations include other liability, inland marine, and aircraft coverages, and AXA XL policy documentation references a Canadian branch.[3]

References

  1. 1.0 1.1 "XL Specialty Insurance Company — Delaware DOI Examination Report (as of December 31, 2020)" (PDF). Delaware Department of Insurance. 2022.
  2. "XL Insurance America, Inc. — Delaware DOI Examination Report (as of December 31, 2020)" (PDF). Delaware Department of Insurance. 2022.
  3. "Machinery Breakdown Risk Consulting". AXA XL. Retrieved 13 March 2026.