HAMILTON, Bermuda, Sept. 12, 2018 /PRNewswire/ -- XL Group Ltd ("XL"
and together with its subsidiaries, the "Company") today announced
that, following the completion of its previously announced merger
with Camelot Holdings Ltd., a wholly owned subsidiary of AXA S.A.
("AXA") and the delisting of its common shares from the New York
Stock Exchange ("NYSE"), it has notified the NYSE of its intention
to voluntarily delist the following series of debt securities
issued by XLIT Ltd., a wholly owned subsidiary of XL, and
guaranteed by XL (collectively, the "XLIT Listed Notes"), as well
as to deregister the XLIT Listed Notes from registration with the
Securities and Exchange Commission (the "SEC"):
- 2.30% Senior Notes due 2018
- 5.75% Senior Notes due 2021
- 4.450% Subordinated Notes due 2025
- 5.25% Senior Notes due 2043
- 5.500% Subordinated Notes due 2045
- Fixed to Floating Rate Subordinated Notes due 2047
The guarantees of the XLIT Listed Notes will also be withdrawn
from registration with the SEC concurrent with the deregistration
of the XLIT Listed Notes. The Company has not made
arrangements for the listing and/or registration of the XLIT Listed
Notes on another national securities exchange or quotation
medium. These actions do not affect the terms of the XLIT
Listed Notes and the guarantees.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about XL's beliefs, plans or expectations, are
forward-looking statements. These statements are based on current
plans, estimates and expectations, all of which involve risk and
uncertainty. Statements that include the words "expect,"
"estimate," "intend," "plan," "believe," "project," "anticipate,"
"may," "look" or similar statements of a future or forward-looking
nature identify forward-looking statements. Factors that could
cause actual results to differ from those predicted are set forth
under "Risk Factors" or "Cautionary Note Regarding Forward-Looking
Statements" in XL's Annual Report on Form 10-K for the year ended
December 31, 2017, Quarterly Reports
on Form 10-Q for the periods ended March 31,
2018 and June 30, 2018 and our
other documents on file with the SEC. XL undertakes no
obligation to update publicly or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
About XL Group Ltd
XL Group Ltd (NYSE:XL), through its subsidiaries and under the
XL Catlin brand, 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. Clients look to XL Catlin
for answers to their most complex risks and to help move their
world forward. To learn more, visit www.axaxl.com
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SOURCE XL Group Ltd